You take out an auto financing loan today. Which one will be better for you if the required rate (r) for both is 5%? A payment today of 50,000 and a lump payment of 15,000 at the end of year 4 Monthly payments of 2,000 for the next three years. The first payment is made at the end of the first month Paying today 61,000 Semi-annual payments of 20,000 starting at the end of the first semester for 4 years