Terms of the Incentive 0% APR Option $23,290 $0 0.0% 72 months Cash Rebate Option $23,290 $1,500 1.9% 72 months Manufacturer's Suggested Retail Price (MSRP Cash Rebate Offered APR (nominal, compounded monthl Specified Term of the Loan CMGT 457 Assignment #2-Hardcopy Portion 1. Answer the following items for question 1: a) The monthly payment in the "0% APR" option is: b) The monthly payment in the "Rebate" option is: c) The total amount paid in the "0% APR" option is: d) The total amount paid in the "Rebate" option is: e) The total cost of borrowing (amount of interest paid) in the "0% APR option is f) The total cost of borrowing (amount of interest paid) in the "Rebate" option is g) What is the breakeven interest rate, i.e. what APR would need to be charged in the "Rebate" Option to make its monthly payment equivalent to the "O% APR" option