8. Which is BEST DEAL? Compare each & decide on BEST DEAL 4 U with reasons: A. Getting a 5% discount on a purchase of $1,250. B. Getting a $65 rebate (rebate means that if send in the sales receipt to manufacturer within 60 days. You will receive $65 back) on purchase of $1,250 c. Borrowing the $1,250 for 1 year at a rate of APR=1% Simple Interest while receiving $200 credit coupon for new purchases, as an incentive to pay simple interest on their loan] Option Your Initial Amount Priorities Price of 1,2 &3 of Discount Item or Rebate A B Simple Interest SI you pay on Loan for Option C Price - Discount/ Rebate Price + SI - Coupon for C Coupon justication for C For your priorities 9. Which is a BEST DEAL for YOU? Compare each by comparing interest charged as well as the amount & # monthly payments Borrowing $2,500 at 2.5% SIMPLE Interest (SI) for 2 years. I =_; TAP: p + I = ; # monthly payments: TAP # months Borrowing $2,500 at 1.25% SI for 4- years. TAP I _; TAP p + I _ ' # monthly payments# months Borrowing $2500 at 1/z % SI for 10 years. TAP I - _: TAP p + I _ ' # monthly payments# months Your ' lustification Priorities lst 'an & 3rd