Roger decides that he is going to buy a brand-new car. The car costs $34,000. (For the purpose of simplifying this question, we are ignoring sales tax and registration/licensing fees.) As he sits down to purchase the car, the sales agent tells him about two promotions Promotion A: (Low interest rate) The dealership is offering a very low interest rate at 0.9% APR for all G-year loans Promotion B: (Manufacturer Rebate) The manufacturer is offering $3000 cash if you get the dealership's financing for a 5-year loan. The dealership will finance a S-year loan for 2.1% APR Step 3 of 3: Which promotion is less expensive in the long run? What are other considerations that Roger might have in his decision of financing his car? What would you do in Roger's position?