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(20 pts.) 2. You are considering buying a new car from a local dealer (Dealer 1) for $32,000. Dealer 1 will finance the entire purchase

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(20 pts.) 2. You are considering buying a new car from a local dealer (Dealer 1) for $32,000. Dealer 1 will finance the entire purchase price at 4% interest over 5 years. Interest is compounded monthly and you must make monthly payments. What is the most you should be willing to offer another dealer (Dealer 2) for the same car who is offering a financing plan with a 2% interest rate over 5 years

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