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please help! 7. Nate would like to buy a new camper for his truck at a cost of $5250. He has two financing options. The

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7. 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 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. (use your financial application and fill in the appropriate inputs) a. Which option requires lower payments? Dealership N = 1% = PMT PV = FV = P/Y = C/Y = Credit Card PV PMT= 1% = Il N = FV = P/Y c/Y Credit Card $469.83 essment No Attempt = 0 Beginning = 1 Emerging = 2 Developing = 3 Proficient = 4 Exemplary b. Which option will charge less interest and how much is that interest? Credit Card $387.96 ment No Attempt = 0 Beginning = 1 Emerging Developing = 3 Proficient = 4 Exemplary c. Which would you recommend? Dealership interest only $101.20

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