9. Your friends are going to Puerto Vallarta, Mexico, over reading week and you wast to go too. Unfortunately, you haven't been good at saving, so you need to bormon $2000 to pay for the trip. You can finance the trip on your credit card at a rate of 21y APR with daily compounding. Alternatively, your parents (who are both bankers) ane willing to a. What is the EAR of borrowing with your credit card? (Assume 365 days in ayear) b. What is the EAR of borrowing from your parents? c. If you plan to repay the $2000 in equal monthly instalments, what would the the rates to use in the annuity formulas (Equations 4.5 or 4.7 ) to calculate your monthly payments? i. Assume you borrowed with the credit card. ii. Assume you borrowed from your parents