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Easton has two options for buying a car. Option A is 2.1% APR financing over 36 months and Option B is 6.1% APR over 36
Easton has two options for buying a car. Option A is 2.1% APR financing over 36 months and Option B is 6.1% APR over 36 months with $2000 cash back, which he would use as part of the down payment. The price of the car is $25,083 and Easton has saved $2500 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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