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You are trying to decide between two mobile phone carriers. Carrier A requires you to pay $190 for the phone and then monthly charges of
You are trying to decide between two mobile phone carriers. Carrier A requires you to pay $190 for the phone and then monthly charges of $64 for 24 months. Carrier B wants you to pay $90 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 3.7%. Based on cost alone, which carrier should you choose? CHE Based on cost alone, you will choose (Select from the drop-down menu.) Carrier A Carrier B
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