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Jennifer Lee, an engineering major in her junior year, has received in the mail for two guaranteed lineofcredit applications from two different banks. Each bank
Jennifer Lee, an engineering major in her junior year, has received in the mail for two guaranteed lineofcredit applications from two different banks. Each bank offers a different annual fee and finance charge. Jennifer expects her average monthly balance after payment to be $ and plans to keep the card she chooses for only months. After graduation, she will apply for a new card. Jennifers interest rate on her savings account is compounded daily. Which banks credit card should Jennifer choose?
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