You can buy a car that is advertised for $25,920 on the following terms (a) pay $25.920 and receive a $4.920 rebate from the manufacturer, (b) pay $540 a month for 4 years for total payments of $25.920, implying zero percent financing. 6. Calculate the present value of the payments for option (a) if the Interest rate is 1.25% per month Present value 21,000 b. Calculate the present value of the payments for option (b) if the interest rate is 1.25% per month. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value c. Which is the better deal? Option a Option