Help me with an honest opinion. 730$ gaming pc

Hello everyone, I'll be buying a new pc soon, and I want your opinions on it.
I'll use it mostly for gaming, but I don't mind not having ultra high settings.
I have two options on the CPU and GPU:

CPU: AMD A8-6500 or i5-3340
GPU: GT 640 or Radeon HD 7790
RAM: 8 gigs
1TB SATA storage
550w power source

So my questions are:
Which CPU and GPU should I choose?
Is this a decent build for gaming?

(sorry for not mentioning other components, I'm not so good with hardware.)
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More about honest opinion 730 gaming
  1. Go with the i5 and 7790, the 7790 should be more than twice as fast as the 640.
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