Tom wants to buy a $30,000 car. He can pay cash now or choose between two payment plans: Plan A. $550 per month for 5 years, the first payment starts exactly one month from today. Plan B. $4000 down payment today, $500 per month for 5 years with the first payment due exactly one month from today. Assuming an interest rate of 6% p.a., all else constant, which of the following options should Tom choose? 1) Pay $30,000 cash now 2) Payment Plan A 3) There is not enough information provided to answer this question. 4) Payment Plan B 5) All three options in this list are the same