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You are trying to decide between two mobile phone carriers. Carrier A requires you to pay $ 2 0 0 for the phone and then

You are trying to decide between two mobile phone carriers. Carrier A requires you to pay $200 for the phone and then monthly charges of $62 for 24 months. Carrier B wants you to pay $110 for the phone and monthly charges of $74 for 12 months. Assume you will keep replacing the phone after your contract expires. Your cost of capital is 4.2% APR, compounded monthly. Based on cost alone, which carrier should you choose?
The EAA for plan A is $.(Round to the nearest cent)
The EAA for plan B is $.(Round to the nearest cent.)
Based on the cost alone, you will choose
(Select from the drop-down menu.)
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