Question 2 (5 points) John is considering purchasing a brand new vehicle, that will cost him around $20, 000. Currently, he has $25,000 in his savings account. He has 2 options for this purchase: 1. Pay $20 000 cash upfront. 2. Pay a 10% down payment, followed my monthly payments of up to $600 for the next 3 years as he will also be paying an interest. Evaluating the pros and cons of both options, provide him with financial advise regarding this large purchase.

Question 2 (5 points) John is considering purchasing a brand new vehicle, that will cost him around $20, 000 . Currently, he has $25,000 in his savings account. He has 2 options for this purchase: 1. Pay $20000 cash upfront. 2. Pay a 10% down payment, followed my monthly payments of up to $600 for the next 3 years as he will also be paying an interest. Evaluating the pros and cons of both options, provide him with financial advise regarding this large purchase