In 2014, some dealers offered two different financing incentives on a certain car. The first option was 0.9% financing for loans from 24 to 36 months, while the second option was 2.9% financing for loans from 37 to 60 months. Suppose that a buyer needed to finance $16,000. Complete parts (a) through (c) below. (a) Determine the payment if the buyer chose the 0.9% financing for 36 months. Find the total amount that the buyer paid for this option. The monthly payment for this option is $ (Do not round until the final answer. Then round to the nearest cent as needed.) The total amount that the buyer paid for this option is $ (Round to the nearest cent as needed.) (b) Determine the payment if the buyer chose the 2.9% financing for 60 months. Find the total amount that the buyer paid for this option. The monthly payment for this option is $0. (Do not round until the final answer. Then round to the nearest cent as needed.) The total amount that the buyer paid for this option is $ (Round to the nearest cent as needed.) (c) Some buyers look for the lowest payment, while others look for the lowest total cost. Discuss which deal was best and why. Select the correct choice below and fill in the answer box to complete your choice. (Round to the nearest cent as needed.) O A. The 60-month loan is the better deal because the buyer will save over the life of the loan. B. The 36-month loan is the better deal because the buyer will save $ over the life of the loan