Kenny has been competing in Ski Ballet, and recently won the national championships. Now, he wants to use the prize money ($5555) to make a larger down payment.

d) (8 points) If Kenny and Jannah decide to put the prize money toward their down payment, how will this affect the amount they would pay each month for each loan option (i.e. how much money would it save them each month for each option)? Indicate which formula you use and identify all of the relevant variables (A, P, APR, n, Y, and/or PMT).