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You have a credit card with an APR of 2 4 . 9 9 % , monthly compounding, that has a balance of $ 6
You have a credit card with an APR of monthly compounding, that has a balance of $ You want to transfer this balance to a different card with an APR of monthly compounding. Assuming that you will make minimum payments of $ per month for either card, what transfer fee would make you ambivalent between transferring or not?
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