If you have the option to purchase a new car for $15,800 and can finance it at an interest rate of 3% for 36 months or get a cash discount of $1,000 (price $14,800) of which you currently have in a savings certificate earning 8%. What is the total cost (to the nearest dollar) to finance the purchase of the car?

A)	$17,286
B)	$16,541
C)	$18,799
D)	none of the above

You can use excel to answer the question!