Shawn is buying a new Jet Ski for $12,500. He is considering

Last updated: 7/7/2022

Shawn is buying a new Jet Ski for $12,500. He is considering two credit options. Option A offers a 6 year loan with 8.5% interest compounded quarterly, while Option B offers a 5 year loan with 10% interest compounded annually. Which is the better option and how much will he save? B; $495.21 B; $573.83 A: $495.21 A; $573.83