Which card offers the better deal and why

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Reference no: EM132004567

Suppose you are comparing two credit cards. Visa has an annual rate of 16% and is compounded daily. Master card has an annual rate of 16.2% and is compounded quarterly. Which card offers the better deal and why?

If both credit cards offered the same annual rate but still had different compounding periods, which would be the better deal? Why?

Reference no: EM132004567

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