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Credit card A offers an APR of 23.16%, compounded monthly, while credit card B offers an APR of 23.02%, compounded daily. All else being equal, which card offers the better deal for the consumer?
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Credit card A offers an APR of 23.16%, compounded monthly, while credit card B offers an APR of 23.02%, compounded daily. All else being equal, which card offers the better deal for the consumer?

User Fabio Berger
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Answer: Credit card A, because it's effective interest rate is about 0.09 LESS THAN that of credit card B.

Step-by-step explanation: took the quiz.

User Axilmar
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