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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 $ for the phone and then
monthly charges of $ for months. Carrier B wants you to pay $ for the phone and monthly charges of $ for
months. Assume you will keep replacing the phone after your contract expires. Your cost of capital is APR,
compounded monthly. Based on cost alone, which carrier should you choose?
The EAA for plan is $Round to the nearest cent.
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