Charles has $5,000 in credit card debt with 16% APR. He has two options to pay off the debt. Option 1 is making $350 at the beginning of each month. Option 2 is making $500 each month. He needs your help to figure out which option is better and how much interest he can save by choosing the better option. Keep one decimal place for N. Option 2 is better; he can save $95 interest. Option 1 is better; he can save $105 interest. Option 2 is better: he can save $105 interest. Option 1 is better; he can save $95 interest. Pam has been ill. The episode cost her $3,000. Her insurance policy has the following provisions: $1,000 deductible, 80/20 coinsurance with a maximum annual out-of-pocket cost of $2,500. How much will she have to pay and how much will she receive in benefits from her insurance company? $1.600;$1.400 $2.500;$500 $600;$2.400 $1400;$1,600