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You are offered two credit cards. They both have APR of 20% but interest is compounded monthly with credit card A while it is compounded

You are offered two credit cards. They both have APR of 20% but interest is compounded monthly with credit card A while it is compounded daily with credit card B. In this case, you would choose to accept credit card B because you would pay lower EAR with credit card B than with credit card A.

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