1. Elaine wants to buy a new Ford Truck. She sees the following ad: 2019 Ford F-150 Lariat Truck EcoBoost V6 Engine with Auto Start/Stop Technology Engine 3.5L EcoBoost V6 Engine MSRP $54,215 with Auto Start/Stop Conditional Offer -5750 Technology Conditional Transmission Electronic 10-speed Offer -$750 Transmission with Tow Haul Sn Ford Qualified -1500 a. She has negotiated a sales price of $46,585 and she has a $15,000 down payment. She is eligible for the full $10,000 cash rebate. Her bank has pre-approved her for a 72-month car loan at 3.24%. Assuming Elaine wants the cheapest overall price, which option should she take? Should she take the 0% financing offer for 66 months from the dealer, or should she borrow the money from her bank at 3.24% to pay off the dealer and receive the $10,000 cash rebate? Bank Option Dealer Option Selection Explanation: Sales Price Down Payment Cash Rebate PV N 1 FV PMT Total Payment Total Cost b Now suppose she is only able to get $1.000 cash back with the 3.24% financing from her han nanethie