Parker has two options for buying a car. Option A is2.2% APR financing over 60...
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Parker has two options for buying a car. Option A is2.2% APR financing over 60 months and Option B is 5.1% APR over 60 months with $1800 cash back, which he would use as part of the down payment. The price of the car is $38,071 and Parker has saved $3800 for the down payment. Find the total amount Parker will spend on the car for each option if he plans to make monthly payments. Round your answers to the nearest cent, if necessary.
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