Honest Hal's Car Dealership & You

You're shopping for a new car at Honest Hal's Car Dealership. You choose a new car and realize that you will need to borrow $$25,000$ to purchase the

car, that is after trade in$,$ down payment and tax and tags are taken into consideration.

Hal provides you a loan plan $($a three$-$year, a five$-$year, and a seven$-$year loan plan$)$ at an interest rate of $7\%($based on your credit score$).$ The loan plan

breakdown is: a three$-$ year loan $($monthly payments $$772$ with a total repayment of $$27,789)$; a five$-$year loan $($monthly payment $$495$ with a total

repayment of $$29,702)$; and a seven$-$ year loan $($monthly payment $$377$ with a total repayment of $$31,695).$

$1.)$ Represent $($show$)$ these three loan options in table format.

$2.)$ Choose one of the three options. In a paragraph or two, communicate why you are choosing one plan over the others.