3. . Your have made a decision to purchase a new Farmall 105A MFD Utility tractor. The purchase price is $62,290. The dealer is offering you two alternative financing options for the purchase. They will finance the entire purchase price on a 48 month monthly payment plan at a stated annual rate of 0.0%, or they will give you a cash rebate off of the purchase price of $6,000.00 and finance the remainder on a 48 month monthly payment at an 6.2% stated annual rate. (A) Which of these two alternatives is a better financing deal? (hint, you are getting the tractor with no money down, so the cost is the payments, which one has the lower payment) (B) What would the cash allowance need to be in order to make these two options equal? (C), A few years ago dealers were offering similar options except they were willing to finance either for up to 72 months, instead of 48 . Why have they shortened the length of loans they are willing to commit too? Please turn in enough of your spreadsheet that we can see how you approached the problems