The car, he is interested in$,$ is a YELLOW $2022$ Chevrolet Camaro RS$,$ which may have a few miles but nonetheless is only $$40,000.$ What a deal. Which of the two deals described below would you choose, both with a $48-$month term? $($NB: estimate the monthly payment of each offer$).[20$ marks$]$

i$)$the dealer offers to take $10\%$ off the price, then lend you the balance at an annual percentage rate $($APR$)$ of $9\%,$ monthly compounding.

ii$)$the dealer offers to lend you $$40,000($i$.$e$.$ no discount$)$ at an APR of $3\%,$ monthly compounding.