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. Robert decided to buy a used motorcycle, on credit, for $ 6 5 0 0 . He can afford payments of $ 3 0

. Robert decided to buy a used motorcycle, on credit, for $6500. He can afford payments of $300 and is considering the two following options:
A The dealership credit card at 17.5%, compounded daily, and an immediate rebate of 2.7% off her first purchase.
B- A bank loan at 8.9%, compounded monthly.
a) How much would Robert end up paying, in total, with each option?
b) How much interest would he end up paying for each option?
c) How long will it take him to pay off the balance for each option?
d) What should he use; the credit card or the bank loan? Why?

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