1) What is your monthly payment if you take the $2,000 rebate and add it to the $10,500 you had previously saved as a down payment? (your interest rate is still 7.5% compounded monthly for 4 years)
a) $238.58
b) $272.45
c) $304.21
d) $320.79

2) What is your monthly payment if you take the promotional interest rate of 1.9% compounded monthly for 4 years?
a) $479.98
b) $488.62
c) $497.21
d) $509.35