Jason wants to purchase a new computer.

Plan $1$: He can pay $$1250$ down and $$2093\mathrm{.}75$ at the end of two years.

Plan $2$: He can pay $$137\mathrm{.}50$ at the end of each month for two years.

If money is worth $6\mathrm{.}25\%$ interest compounded monthly to Jason...

a$)...$which is the better deal?

$2$

Correct: Your answer is correct.

Enter as $1$ or $2.$

b$)$ By how much NOW? Assume that at the end of $2$ years, Jason will have completely paid off the new computer with either plan.