Question: Owen has two options for buying a car. Option A is 1.4%1.4% APR financing over 6060 months and Option B is 5.6%5.6% APR over 6060

Owen has two options for buying a car. Option A is 1.4%1.4% APR financing over 6060 months and Option B is 5.6%5.6% APR over 6060 months with $2200$2200 cash back, which he would use as part of the down payment. The price of the car is $33,069$33,069 and Owen has saved $3300$3300 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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