Fitzwilliam is buying a new car The sticker price for the base model is 10 000 but the options he wants will cost him an extra 15 He then talks the dealer into giving him 10 off Fitzwilliam has also decided to put down a 25 down payment on the car Find the that Fitzwilliam needed Fitzwilliam has three options for financing for the balance on the car the dealership the bank or his parents o Through the dealership he can get a 60 month 5 APR monthly installment loan o The bank will offer Fitzwilliam a 5 5 APR monthly installment loan for 48 months o His parents would loan him the money and he would need to pay it all back after 15 months with 20 simple interest