Question: You are trying to decide between two mobile phone carriers. Carrier A requires you to pay $205 for the phone and then monthly charges

You are trying to decide between two mobile phone carriers. Carrier A requires you to pay $205 for the phone and then monthly charges of $66 for 24 months. Carrier B wants you to pay $110 for the phone and monthly charges of $72 for 12 months. Assume you will keep replacing the phone after your contract expires. Your cost of capital is 4.1% APR, compounded monthly. Based on cost alone, which carrier should you choose? The EAA for plan A is $ (Round to the nearest cent.)

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