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Jessie is considering purchasing a new car for $30,000. The dealer is offering 2 options on the purchase: Option 1. Receive a $5,000 rebate on
Jessie is considering purchasing a new car for $30,000. The dealer is offering 2 options on the purchase:
Option 1. Receive a $5,000 rebate on the price of the car and finance the balance over 5 years at 4% interest.
or Option 2. Finance the vehicle for 6 years at 0% interest but no interest.
Question: What is the the monthly payment that Jessie has to pay for option 1? Select one: a. 456.31 b. 458.88 C. 460.41
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