2) Justin bought a new car. The cash price (including tax) was $32 456.75, but he is paying monthly installments of $675 for 60 months. What interest rate is he paying? 3) Considering interest rate only, which is the better option on a $495.80 purchase? Option 1: 4 monthly payments of $140.00 Option 2: 6 monthly payments of $90.00 4) Valerie needs to buy a new living room set. Her payment options are: Option 1: Pay cash $2945.00 plus 12% tax. Option 2: Pay 15% down payment then 10 monthly payments of $300.00 (no tax) Option 3: No down payment, and then 6 monthly payments of $555.00 (no tax) How much does each option cost? Which payment plan offers the best deal?