9. (-/5 Points] DETAILS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER "Zero percent financing' means the obvious thing-that no interest is being charged on the loan. So if we borrow $1200 at % interest and pay it off over 12 months, our monthly payment will be $1200/12 $100 Suppose you are buying a new truck at a price of $30,000. You plan to finance your purchase with a loan you will repay over two years. The dealer offers two options the dealer financing with interest, or a $1000 rebate on the purchase price. If you take the rebate, you will have to go to the local bank for a loan (of $27.000) at an APR of 6.5% What would your monthly payment be if you took the rebata? (Hound your answer to the nearest cont.) $ What would your monthly payment be if you used dealer financing (Round your answer to the nearest cent.) $ Should you take the dealer financing or the rebate (Assume you take the deal that saves you the most money) O rebate How much would you save over thee of the loan by taking the option you chose (Round your awer to the newest cont.) Show My Work