5. Suppose you are going to buy a car. The cost of car is $20,000. You have $8,000 for down payment. You can borrow the balance of $12,000 from dealerships finance company at 2% APR, with monthly payment for 36 months or you can borrow from a bank with 8% APR monthly payment for 3 years, and receive a $2,000 rebate on the purchase price. Assume that if you take the rebate, you will apply it toward the purchase. Which alternative is better deal?