A piece of airport baggage handling equipment can be purchased for $90,000 cash or for $93,000 to be financed over 60 months at 0% interest. This special offer is good for only the next two days. The salesperson states that at least $14,000 can be saved by the 0% offer compared to their "traditional" financing plan at 0.5% per month over 60 months. Is this claim really true? Click the icon to view the interest and annuity table for discrete compounding when i=0.5% per month. With traditional financing, the monthly payment equals $ (Round to the nearest cent.)