Your parents are about to buy a new 2018 subaru outback limited (fully loaded with cool safety options) which will cost approximately $35,000. after paying tax, title & license and making a down payment, your parents will need to borrow $27,500 to complete the purchase of their new outback and are presented with two options. your parents want to repay their car loan over 60 months option one is 0.0% apr financing for 60 months, the second option is $2,000 cash back which would be used as an additional down payment reducing the loan amount by this $2,000 cash back. your parents discover that they can get 2.29% apr financing for 60 months if they elect the second (cash back) option. what is the 0% apr monthly payment minus the $2000 cash back monthly payment for your parents’ situation (i. e. a. $0.00 b. +$8.13 c. +$10.87 d. -$27.18 e. -$5.66 10) your bank account pays a 6% nominal rate of interest. following statements is correct? a. the periodic rate of interest is 6% and the effective rate of interest is greater than 6%. b. the periodic rate of interest is 3% and the effective rate of interest is 6%. c. the periodic rate of interest is 1.5% and the effective rate of interest is greater than 6%. d. the periodic rate of interest is 6% and the effective rate of interest is also 6%. e. the periodic rate of interest is 1.5% and the effective rate of interest is 3%. if 0% apr payment is higher difference is positive)?