Part C Cecelia receives two credit card offers in the mail. Each has a 0% introductory APR. After the introductory period, the first card has an APR of 19.99% and the second card has an APR of 24.99%. If each card has a late fee of $35 and an annual membership fee of $25, which card should she choose and why? 15px Space used (includes formatting): 0 / 15000 Part D Justin
Part C Cecelia receives two credit card offers in the mail. Each has a 0% introductory APR. After the introductory period, the first card has an APR of 19.99% and the second card has an APR of 24.99%. If each card has a late fee of $35 and an annual membership fee of $25, which card should she choose and why? 15px Space used (includes formatting): 0 / 15000 Part D Justin
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Part C
Cecelia receives two credit card offers in the mail. Each has a 0% introductory APR. After the introductory period, the first card has an APR of 19.99% and the second card has an APR of 24.99%. If each card has a late fee of $35 and an annual membership fee of $25, which card should she choose and why?
15px
Space used (includes formatting): 0 / 15000
Part D
Justin has a credit card with an APR of 19.9% that has gone over the limit by $75. If Justin makes a payment of $75, is he safe from going over the limit again if he does not make any additional charges on his card? Explain.
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