You firm is considering the purchase of new office furniture. You can either pay $$32,000$ now, or $$1,000$ per month for $36$ months $($starting from t$=1).$

Suppose your firm currently borrows at a rate of $6\%$ per year $($APR with monthly compounding$).$ Which payment plan is more attractive?

Group of answer choices

Pay $$32,000$ now

Pay $$1,000$ per month for $36$ months at current debt rate