Question: Two credit cards offer the same $1,000 credit limit. Apple Finance charges an interest rate of 10 percent and a $100 annual fee. Nut

Two credit cards offer the same $1,000 credit limit. Apple Finance charges

Two credit cards offer the same $1,000 credit limit. Apple Finance charges an interest rate of 10 percent and a $100 annual fee. Nut Company charges an annual fee of $25 and an interest rate of 17 percent. If you tend to pay off your credit card balance promptly, which one would you choose?

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