Consider the following two options proposed by an auto dealer: • Option A : Purchase the vehicle at the normal price of $26,200 and pay for the vehicle over 36 months with equal monthly payments at...

Consider the following two options proposed by an auto dealer:
• Option
A: Purchase the vehicle at the normal price of $26,200 and pay for
the vehicle over 36 months with equal monthly payments at 1.9% APR
financing.
• Option
B: Purchase the vehicle at a discounted price of $24,048 to be paid immediately.
The funds that would be used to purchase the vehicle are presently earning 5% annual interest compounded monthly.
Which option is more economically sound?