2. As a tribute to Peter Falk, you are considering buying a vintage Peugeot 403 convertible worth 25,000. The dealer offers you an attractive financing package: you have to make a downpayment of 5,000, and you will pay the rest over 4 years with monthly installments, at a monthly APR of 2.4%. (a) What is the monthly payment to the dealer? (b) The dealer offers you a second option: you pay cash, with a 2,000 rebate. Should you go for the loan or should you pay cash? Assume that the prevailing market interest rate, quoted as a monthly APR, is 3.6%