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24 January, 10:41

Credit card A has an APR of 26.2% and an annual fee of $30, while credit card B has anAPR of 27.1% and no annual fee. ALl else being equal, at about what balance will the cards offer the same deal over the course of a year? (Assume all interest is compounded monthly.)

A. $261.78

B. $2617.85

C.$26,178.46

D.$26.18

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  1. 24 January, 10:44
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    Taking the quiz now.

    The answer is $2617.85.
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