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You are buying a car for $30,000 and have three optionsall of which will take...

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Finance

You are buying a car for $30,000 and have three optionsall of which will take 60 months to pay. The first option gives a $3000 discount on the car, but charges 5.9% financing. The second option pays for the car at the full price, but charges 1.9% financing. The third option is also discounted $3000 but at 5.5% financing and has a $5000 balloon payment. Which option will cost the least amount of money?

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