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FURTHER YO 1. Mia is buying a used trailer for $5000 on credit. She plans to travel through the Rockies over the summer. She can
FURTHER YO 1. Mia is buying a used trailer for $5000 on credit. She plans to travel through the Rockies over the summer. She can afford payments of The dealership credit card at 15.8%, compounded daily, and an immediate rebate of 2.4% off her first purchase $200 each month and is considering these two options: A bank loan at 9.8%, compounded monthly b) How much interest would she a) How much would Mia end up paying, in total, with each option c) How long will it take her to pay off the balance for each option d) What should she use: the credit card or the bank loan? Why? Quilla First Natinns College in St. Paul
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