q2

Credit Card Fees and Financing. Jarrod has narrowed his choice to two credit cards that may meet his needs. Card A has an APR of 24%. Card B has an APR of 17%, but also charges a $23 annual fee. Jarrod will not pay off his balance each month, but will carry a balance forward of about $416 each month. Which credit card should he choose? His total annual expenses for Card A will be $ (Round to the nearest cent.) His total annual expenses for Card B will be $ (Round to the nearest cent.) Jarrod should choose Card (Select from the drop-down menu.)