Q W E R T Y U 0 Tab P 172 You want to buy a new Bright Yellow Geo Prism. You are trying to decide between the following deals. You called the bank and they told you they would loan you the money at a 10% interest rate. Deal #1. Savannah's very fine used cars has offered you the car for $11,000 with the following terms. $2,000 down and interest only payments of 2% per year for 5 years. At the end of the five years you send her the $9,000. (She says he is offering you this special deal because you go to Ohio U and he almost graduated from there!) Deal #2. Honest Dave has offered you the same car for $9,500 payable with no money down and the rest in three equal annual payments which include interest at 5%. Deal #3. Andrea's Special Deals has offered you the car for $8,200 payable with $200 down and the rest in ten annual equal payments which include interest at 10%. The first payment, after the down payment will be due in one year. Deal #4. Makenzie's Prism Sales has offered you the car for $8,700 cash. Rank the deals as to their attractiveness to you. Which deal is the best and why? Under which deal do you pay out the most money