Nate would like to buy a new camper for his truck at a cost of $5250. He has two financing options. The dealership offers financing at an annual rate of 15.5% compounded monthly with $350 worth of free upgrades for the camper. His credit card has a zero balance and has an annual rate of 13.3% compounded daily. He plans to pay off the debt in one year. a. Which option requires lower payments? a. _______________________

b. Which option will charge less interest and how much is that interest? b. _______________________

c. Which would you recommend? c. _______________________

Please handwrite all the steps and answers. (Answers, a Credit Card $469.83, b Credit Card $387.96, c Dealership interest only $101.20)