1. Bob is buying a new car costing $53,000. He can finance it at the dealership for a 3.2% interest rate over a 7-year term or can finance it at his credit union for 1.75% over a 5-year term. A. Calculate his monthly payment under each option. B. Calculate his total interest cost under each option. C. Assume Bob finance the car at his credit union. After the car is paid off in 5 years, he then invests the monthly payment amount over the next 2 years, how much would he have at the end of 2 years if he can invest at 7.5%