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Easton has two options for buying a car. Option A is 3.1% APR financing over 48 months and Option B is 5.1% APR over 48
Easton has two options for buying a car. Option A is 3.1% APR financing over 48 months and Option B is 5.1% APR over 48 months with $1900 cash back, which he would use as part of the down payment. The price of the car is $29,018 and Easton has saved $2900 for the down payment. Find the total amount Easton will spend on the car for each option if he plans to make monthly payments. Round your answers to the nearest cent, if necessary.
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