Question: Owen has two options for buying a car. Option A is 1 . 1 % APR financing over 4 8 months and Option B is

Owen has two options for buying a car. Option A is 1.1%
APR financing over 48
months and Option B is 6.1%
APR over 48
months with $1600
cash back, which he would use as part of the down payment. The price of the car is $30,012
and Owen has saved $3000
for the down payment. Find the total amount Owen will spend on the car for each option if he plans to make monthly payments. Round your answers to the nearest cent, if necessary.

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