A price of airport baggage handling equipment can be purchased for $70,000 cash or for $75,000 to be financed over 60 months at 0% interest. This special offer is good for only the next two days. The salesperson sates that at least $20,000 can be saved by the 0% offer compared to their traditional financing plan at 0.75% per month over 60 months. Is this claim really true?. Show your work