please solve and explain

Part II: While finalizing the purchase of the SUV, your salesperson tells you about two incentive financing options that are avallable Option 1: You can finance the purchase at 0.9% compounded monthly for 5 years and recelve a $500 bonus cash back (added to your down payment) or Option 2: You can finance the purchase at 5% compounded monthly for 5 years and receive $2.500 bonus cash back (added to your down paytnent. B. What is the monthly payment if you choose Option 1? h. What is the monthly payment if you choose Option 2? 1. Which of the three financing choices (Original, Option 1, or Option 2 would you choose? Explain your choice. Part 1: You are considering the purchase of a new SUV for $29,815. You have saved $3,500 which you will use as a down payment for the purchase. You intend to finance the remaining cost of the SUV at 5% compounded monthly for 4 years. a. What is the monthly payment for this vehicle? b. How much of the 1st payment goes toward interest? How much of the 48th pavment goes toward interest