Question: if done in excel please show which formulas and which boxes and inputed for which value. i am lost on that part. 2. Evaluating finance

if done in excel please show which formulas and which boxes and inputed for which value. i am lost on that part.

2. Evaluating finance packages. Assume that you've been shopping for a new car and intend to finance part of it through an installment loan. The car you're looking for has a sticker price of $22,000. Custom Vehicles has offered to sell it to you for $4,000 down and finance the balance with a loan that will require 48 monthly payments of $390.00 However, a competing dealer will sell you the exact same vehicle for $3,000 down, plus a 60-month loan for the balance, with monthly payments of $340.00. Which of these two finance packages is the better deal? Show your work and explain in detail

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