Your council rate of $2705 is due today (end of August). You are thinking about the following two options offered by your council: Option 1: Pay $450 at the end of next month (September), thereafter 3 payments of $773 each due in 3,6 and 9 months (i.e. end of November, February and May), respectively. Option 2: Pay $219 today, plus 9 payments of $282 payable on the last day of each month for the next 9 months (i.e. September to May). Which one is a better option? Explain your answer clearly with any necessary supporting computations