You plan to buy a Honda car which currently costs $22,000. The car dealer offers the following two options: you can either borrow the entire amount at low interest rate of 1.99% per year compounded monthly for 36 months or get a cash rebate of $1000 and borrow at 3.99% per year compounded monthly for 36 months. Which option is better for you? Lower interest rate since monthly payment is $623 Cash rebate rate since monthly payment is $635 Lower interest rate since monthly payment is $630 Cash rebate rate since monthly payment is $620