Question

Suppose that you decide to buy a car for ​$61,000​, including taxes and license fees. You...

Suppose that you decide to buy a car for ​$61,000​, including taxes and license fees. You saved $ 11000 for a down payment. The dealer is offering you a choice between two incentives. Incentive A is ​$5000 off the price of the​ car, followed by a four​-year loan at 7.28%. Incentive B does not have a cash​ rebate, but provides free financing​ (no interest) over four years.

The difference in monthly payments between the two offers is _____

Which incentive is the better deal?

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