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QUESTION
Credit card A has an APR of 27.2% and an annual fee of $96, while credit card B has an APR of 30.3% and no annual fee. All else being equal, which of these equations can be used to solve for the princ
Credit card A has an APR of 27.2% and an annual fee of $96, while credit card B has an APR of 30.3% and no annual fee. All else being equal, which of these equations can be used to solve for the principal P for which the cards offer the same deal over the course of a year? (Assume all interest is compounded monthly.)
