Ford Motor Company's current incentives include 3.5 percent APR financing for 36 months or $1, 200 cash back on a Mustang. Let's assume Suzie Student wants to buy the premium Mustang convertible, which costs $24,000, and she has no down payment other than the cash back from Ford. If she chooses the $1, 200 cash back. Suzie can borrow from the VTech Credit Union at 5.5 percent APR for 36 months (Suzie's credit isn't as good as Prof. Finance) What will Suzie Student's monthly payment be under each option? Which option should she choose? If Suzie chooses 3.5 percent APR financing for 36 months to buy the premium Mustang convertible, which costs $24,000 = PMT(34.127270), what will her monthly payment be? If Suzie chooses $1, 200 cash back to buy the premium Mustang convertible and borrows $22, 800 from the VTech Credit Union at 5.5 percent APR for 36 months, how much will her monthly payment be? Which option should Suzie Student choose? Choose low interest rate financing because the monthly payment under this option is lower Choose cash back financing because the monthly payment under this option is lower