Intrest $_____

You want to purchase an automobile for $27,057. The dealer offers you 0% financing for 48 months or a $4,618 rebate. You can obtain 6.3% financing for 48 months at the local bank. Which option should you choose? Rebate 0% financing How much money will you save per month? $ (Round to two decimal places.) A sailboat costs $26,417. You pay 20% down and amortize the rest with equal monthly payments over a 11-year period. If you must pay 6.6% compounded monthly, what is your monthly payment? How much interest will you pay? Monthly payments: $ (Round to two decimal places.)