Rebate versus lower interest rate. Ronnie is considering buying a newer vehicle so that he can have dependable transportation. The estimated price for a new 2020 Jeep Grand Cherokee Limited 4x4 is $42,200. Jeep is promoting the current special offers included in the chart below. Interest rate provided is the Annual Percentage Rate (APR). Calculate the monthly payment and total financing costs for the following financing offers: Remember to adjust the I/Y for a monthly payment. $4,750 cash allowance 0% APR for 36 0% APR for 72 months + credit union financing months $2,000 cash 2.94% APR for allowance 72 months N I/Y PV (amount borrowed for car loan) PMT (compute) FV Total payments (N X PMT) Total financing costs (Total payments - PV) Rebate versus lower interest rate. Ronnie is considering buying a newer vehicle so that he can have dependable transportation. The estimated price for a new 2020 Jeep Grand Cherokee Limited 4x4 is $42,200. Jeep is promoting the current special offers included in the chart below. Interest rate provided is the Annual Percentage Rate (APR). Calculate the monthly payment and total financing costs for the following financing offers: Remember to adjust the I/Y for a monthly payment. $4,750 cash allowance 0% APR for 36 0% APR for 72 months + credit union financing months $2,000 cash 2.94% APR for allowance 72 months N I/Y PV (amount borrowed for car loan) PMT (compute) FV Total payments (N X PMT) Total financing costs (Total payments - PV)