(Needing help solving problem 1 & 2 as well as how to work them out correctly, thank you!)
A bank gives you two options to choose from your investments:
Option A: 4% annual interest rate compounded yearly.
Option B: 3.95% annual interest rate compounded quarterly.
Decide which option is the better investment at the end of two years. Justify your answer
The month of November has 30 days. On the first day of the month, your credit card balance is $520. On 11/5 you charge $289 for an airfare, on 11/15 you pay off $500 on your account,on 11/24 you charge $28 for gas, and on 11/28 you charge $73 for a purchase at Amazon.Your credit card interest rate is 13.89%; use the average daily balance method to compute the finance charge on your December statement.