Derek plans to buy a $26,258.00 car. The dealership offers zero percent financing for 58.00 months with the first payment due at signing (today). Derek would be willing to pay for the car in full today if the dealership offers him $____ cash back. He can borrow money from his bank at an interest rate of 5.25%.

Submit Answer format: Currency: Round to: 2 decimal places.

Please Show and explain in Detail and in a simple format. I am just learning. Please ensure that answers are correct. Thank you