When Interest rates are low, some automobile dealers offer loans at 0% APR, as indicated in a 2016 advertisement by a prominent care offering terpercant financing or cashback deals on some models Zero percent financing means the obvious thing--that no interest is being charged on the loan. So if we borrow $1,200 interest and part of 12 months, our monthly payment will be $1,200/12 - $100. Suppose you are buying a new truck at a price of $30,000. You plan to finance your purchase with a loan you will repay over two years. The doctor the dealer Mancing with 0% Interest, or a $3,000 rebate on the purchase price. If you take the rebite, you will have to go to the local bank for a lon (of 7,000. Should you take the deater financing or the rebate? (Assume you take the deal that saves you the most money dealer financing rebate How much would you save over the life of the loan by taking the option you chose? (Round your answer to the restent)