6. Davis owns a moving business and one of his trucks needs a new transmission along with some other repairs that will cost a total of $4785. He can use his credit card with an annual rate of 15.9% compounded daily that offers 2% cash back on all purchases made on the card or he can sign up with a new card company that is offering a $100 rebate the first time the card is used. This card has an annual rate of 14.2% compounded daily. Which card would be less expensive and by how much less if he can afford to pay back $350 per month? (use your financial application and fill in the appropriate inputs) a. Existing Card (1 mark) N= 1% = PV = _ PMT = FV = P/Y = C/Y = _ b. New Card (I mark) PV = PMT= N= 1% = FV = P/ Y =_ C /Y = _