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3. Sally always applies for a credit card if the company gives a gift with the card. Do you agree with Sally's decision? Explain.

3. Sally always applies for a credit card if the company gives a gift with the card. Do you agree with Sally's decision? Explain.

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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3. Sally always applies for a credit card if the company gives a gift with the card. Do you agree with Sally's decision? Explain. 4. Christine is a fashion designer. She is buying $3000 worth of fabric to make samples for a show. She will pay off her balance 120 d after the grace period. She is comparing two no-fee credit cards. APR credit limit Card 1 cash back Card 1 17.99% Card 2 4000 1.5% on purchases Card 2 16.9% a) Christine will use the cash back to pay the interest. What interest would she pay on each card? $6000 1% on purchases
Transcribed Image Text:3. Sally always applies for a credit card if the company gives a gift with the card. Do you agree with Sally's decision? Explain. 4. Christine is a fashion designer. She is buying $3000 worth of fabric to make samples for a show. She will pay off her balance 120 d after the grace period. She is comparing two no-fee credit cards. APR credit limit Card 1 cash back Card 1 17.99% Card 2 4000 1.5% on purchases Card 2 16.9% a) Christine will use the cash back to pay the interest. What interest would she pay on each card? $6000 1% on purchases
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