In August 2008, a car manufacturing company was offering the choice of a 3.2% loan for 48 months, or $7000 cash ba on the purchase of a $25,367 car. (a) If someone took the 3.2% loan offer, how much will the monthly payment be? (b) If someone took the $7000 cash-back offer and can borrow money from their local credit union at 6.9% interest compounded monthly for four years, how much will the monthly payment be? (c) Which of the two offers is more favorable? (a) The monthly payment someone would pay for the 3.2% loan offer would be $ (Round to the nearest cent as needed)