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11 July, 14:04

Credit card A offers an APR of 27.29%, compounded monthly, while credit card B offers an APR of 27.12%, compounded daily. All else being equal, which card offers the better deal for the consumer?

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  1. 11 July, 15:35
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    Credit Card A, because its effective interest rate is about 0.16% less than that of credit card B. (Apex)
  2. 11 July, 15:42
    +1
    Credit card A, because it's effective interest rate is about o. 16% less than that of credit card B.
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