Schmidt Wheels offers financing for a new $25,000 car where you make a $2,000 down
payment now and then pay $350 a month for 6 years. Don's Auto nearby offers you the same car for
$22,500 or $2,500 off. If the relevant interest rate is 6 percent compounded monthly which dealer is
offering you a better deal? What if the interest rate is 10 percent per year?
Please show your work