Question: I need typed answer with explanation don't use AI BOT give me a proper explanation I will thumb up. On October 23, you plan to

I need typed answer with explanation don't use AI BOT give me a proper explanation I will thumb up.

I need typed answer with explanation don't use AI
On October 23, you plan to purchase a $1,800 computer by using one of your two credit cards. The Silver Card charges 18% interest and calculates interest based on the balance on the first day of the previous month. The Gold Card charges 18% interest and calculates interest based on the average daily balance. Both cards have a $0 balance as of October 1. The closing date is the end of the month for each card. Your plan is to make a $600 payment in November, make a $600 payment in December, and pay off the remaining balance in January. All your payments will be received and posted on the 10th of each month. No other charges will be made on the account. (Round your answers to the nearest cent.) (a) Based on this information, calculate the interest (in $) charged by each card for this purchase. Silver Cards Gold Cards (b) Which card is the better deal and by how much (in $)? The ---Select--- Silver Card Gold Card is the better deal by $

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