4 7 3 Quiz Credit card A offers an introductory APR of 4 1

Last updated: 1/20/2024

4 7 3 Quiz Credit card A offers an introductory APR of 4 1 for standard APR of 18 5 thereafter while credit card B offers an introductory APR of 3 7 for the first 3 months and a standard APR of 18 9 thereafter All else being equal which of these statements is correct Assume all interest is compounded monthly OA Credit card B is the better deal over the course of the first 3 months and over the course of the first year OB Credit card B is the better deal over the course of the first 3 months but credit card A is the better deal over the course of the first year C Credit card A is the better deal over the course of the first 3 months and over the course of the first year