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SOLVED: Credit card A offers an introductory APR of 7.6% for the first 3 months and astandard APR of 23.4% thereafter, while credit card B offers an introductoryAPR of 7.9% for the first 3 months and a standard APR of 22.9% thereafter. Allelse being equal, which of these statements is correct? (Assume all interestis compounded monthly.)

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