Ford's current incentives for customers looking to buy a Mustang include either financing at an APR of 4.2 percent compounded monthly for 72 months or $ 1 comma 500 cash back. Let's assume Suzie Student wants to buy the premium Mustang convertible, which costs $ 26 comma 000, and she has no down payment other than the cash back from Ford. If she chooses the $1 comma 500 cash back, Suzie can borrow from the VTech Credit Union at an APR of 6.2 percent compounded monthly for 72 months. What will Suzie Student's monthly payment be under each option? Which option should she choose?

a. If Suzie chooses 4.2 percent financing for 72 months to buy the premium Mustang convertible, which costs $26 comma 000, what will her monthly payment be? $ nothing(Round to the nearest cent.)

b. If Suzie chooses $1 comma 500 cash back to buy the premium Mustang convertible and borrow $24 comma 500 fom the VTech Credit Union at an APR of 6.2 percent compounded monthly for 72 months, what will her monthly payment be? $ nothing(Round to the nearest cent.)

c. Which option should Suzie Student choose?(Select the best choice.

Choose

A. low interest rate financinglow interest rate financing

because the monthly payment under this option is lower.

B. cash back financingcash back financing

because the monthly payment under this option is lower.