Teresa Choi is thinking of switching from Nova MasterCard to Brunswick VisaCard. Her average monthend balance on the credit card is $4,000, which she pays off on the last day of the grace period. Every winter she flies to California, and rent a car for two weeks for sightseeing. She keeps her extra cash in a savings account earning 3% p.a. Following are the relevant features of the two cards: 1 Paiu al year-eriu, 2 Suppose car rental agencies charge $26 per day to insure against collision. 3 extends manufacturer's warranty by one year on the items purchased using VisaCard. Maximum repair cost covered is $500 per year by MasterCard and $800 by VisaCard. Repair cost is reimbursed at the end of the year. Which credit card is better for him? Do not ignore cash flows timing. Teresa Choi is thinking of switching from Nova MasterCard to Brunswick VisaCard. Her average monthend balance on the credit card is $4,000, which she pays off on the last day of the grace period. Every winter she flies to California, and rent a car for two weeks for sightseeing. She keeps her extra cash in a savings account earning 3% p.a. Following are the relevant features of the two cards: 1 Paiu al year-eriu, 2 Suppose car rental agencies charge $26 per day to insure against collision. 3 extends manufacturer's warranty by one year on the items purchased using VisaCard. Maximum repair cost covered is $500 per year by MasterCard and $800 by VisaCard. Repair cost is reimbursed at the end of the year. Which credit card is better for him? Do not ignore cash flows timing