In 2014, some dealers offered two different financing incentives on a certain car. The first option was 1.9% financing for loans from 24 to 36 months, while the second option was 2.9% financing for loans from 37 to 60 months. Suppose that a buyer needed to finance $20,000. Complete parts (a) through (c) below.
(a) Determine the payment if the buyer chose the % financing for 36 months. Find the total amount that the buyer paid for this option.
The monthly payment for this option is $____