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Kris has a credit card balance of $4500 at an APR of 15.99%. To save interest, they ame up with Option A to pay it
Kris has a credit card balance of $4500 at an APR of 15.99%. To save interest, they ame up with Option A to pay it off in 2 years and Option B to pay it off in 3 years. a) Find the monthly payment for each option. Write your work neatly. Option A Option B b) Find the total amount of interest paid for each option. Label your work clearly. Option A Option B c) Based on parts a) and b), when and why should Kris choose Option A, and when and why should they choose Option B? Give a pro and a con for each option. Option A Pro: Con: Option B Pro: Con
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