Suppose that you advance 1000 from one of the one of the, Ask an Expert

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Suppose that you advance $1000 from one of the one of the following three credit cards: MASTER, VISA, AND DISCOVER. APR is the same as 12% for the three crdit cards. The three credit card employ annual compounding, quarterly compounding, and monthly compounding, respectively. Which credit card is better from the borrower's standpoint? (show work)

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