2-14. Money is worth 0.5% per month to you. You're offered the following deals to buy your new BMW 760Li (with the Bang & Olufsen Sound System). w Deal A: Pay no money down Pay $1,600 per month for 12 months Pay $2,000 per month for the second year Pay $3,500 per month for years 3, 4, and 5 You own the car! Deal B: Pay X amount down today Pay $2,300 per month for 72 months You own the car! What is the amount X that you must pay down to make Deal A and Deal B equivalent? Compound monthly