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Two credit cards offer the same $1,000 credit limit. Apple Finance charges an interest rate of 10 percent and a $100 annual fee. Nut
Two credit cards offer the same $1,000 credit limit. Apple Finance charges an interest rate of 10 percent and a $100 annual fee. Nut Company charges an annual fee of $25 and an interest rate of 17 percent. If you tend to pay off your credit card balance promptly, which one would you choose?
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In this situation I would choose Nut Company since ...
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Business Law The Ethical Global and E-Commerce Environment
Authors: Jane Mallor, James Barnes, Thomas Bowers, Arlen Langvardt
15th edition
978-0073524986, 73524980, 978-0071317658
