Tony is purchasing a new car for 23,000. The tax is 7% of the purchase price and the dealership fee is $525. He has a trade in car valued at $4000 and another $1000 for a down payment. The remainder of the balance is to be financed. There are two options for financing. Option 1: 0% APR for 5 years Option 2: 2.99% APR for 5 years and $1500 cash back a) What is the monthly payment for each option? b) Which is the better deal?