Two dealers compete to sell you a car with a list price of $44000. Dealer A offers to sell it for $40000 if you pay cash. Dealer B offers to sell it to you for $45000 with a 0% financing option: you will have to pay 48 equal monthly payments of $937.5. Assume that the first monthly payment is one month after you take possession of the car. Suppose that you can finance the purchase by withdrawals from a money market fund, which earns an effective annual rate of 2% per year.

If you Dealer's B financing offer, what is the present value of your monthly payments?