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(Nonannual compounding using a calculator) Ford's current incentive- for customers looking to buy a Mustang include eather financing at an NPR of 33 percent connpounsed

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(Nonannual compounding using a calculator) Ford's current incentive- for customers looking to buy a Mustang include eather financing at an NPR of 33 percent connpounsed manthy for 72 months of $1.300 cash back. Let's astume Sucie Student wants to buy the prerrium Mustang cocvertible, Which costs $31,000, and ahe has no down payment other than the cash back from Ford. If she chooses the $1,300 cash back. Suzle can borrow from the VTech Credit Union at an ApR of 53 perconk compounded monthly for 72 mantha What will Suzle Student's monthly payment be under each option? Which option should she choose? a. If Suzio chooses 33 percent financing for 72 months to buy the premium Mustang coevertible. which costs 331,000 , what wilt her monthly payment be? (Round to the nearest cent)

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