Assume you go to buy a $23,000 car and are offered the following deals. For both deals you you have $4,000 of your own money you can apply towards your new car (down payment). Or a. $1,000 immediate cash back (which can be added to your down payment) and 6% interest over 4 years b. 5.5% interest with no cash-back over 4 years What is the monthly payment for the 'cash back' offer? PV FV Rate Periods Payment What is the monthly payment for the 5.5% offer? + PV FV Rate Periods Payment Which is the better deal and by how much over the life of the loan? Show the math.