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7. You are trying to decide whether to (1) buy a car for 4.0% APR for the full $25,000 purchase price over three years, or (2) receive $2,000 cash back and finance the rest at the bank rate of 8.0%. Both loans have monthly payments over three years. a) What is the monthly payment from buying a car at full price at 4.0% APR (option1)? b) After receiving the cash rebate, what is the monthly payment from a bank loan at 12.0% APR (option 2)? c) Which option would you choose? Briefly explain