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3. Bruce is planning to buy and install new tires and rims on his car. The cost is $1150, which he will use credit to

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3. Bruce is planning to buy and install new tires and rims on his car. The cost is $1150, which he will use credit to pay. He wants to pay off the loan in 6 months and he has two credit options: The tire shop has financing at 16.8%, compounded monthly, and is offering $100 immediate rebate bruce's existing credit card has zero balance and a rate of 14.6%, compounded daily a) which option will require lower payments? b) which option will charge less interest? c) which payment will cost him less overall

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