Choosing between credit cards. Wyatt Collins recently graduated from college and is evaluating two credit cards. Card A has an annual fee of 75 and an interest rate of 9 percent. Card B has no annual...

Choosing between credit cards. Wyatt Collins recently graduated from college and is evaluating two credit cards. Card A has an annual fee of
75 and an interest rate of 9 percent. Card B has no annual fee and an interest rate of 16 percent. Assuming that Wyatt intends to carry no balance and to pay off his charges in full each month, which card represents the better deal? If Wyatt expected to carry a significant balance from one month to the next, which card would be better? Explain.