Rich buys a car for $\$22{,}000$ and has two options for financing. The dealership offers either financing of $0$% compounded monthly for 5-years, or a $\$5{,}000$ cash rebate. If Rich takes the rebate, then he will apply the rebate to the cost of the car and finance the remaining balance with a loan for 5-years at $4.3$% compounded monthly through the Tiger's Credit Union.

(a) What would Rich's monthly payment be if he takes the 5-year $0$% financing?

Monthly payment for 5-year $0$% financing =

(Note: Your answer should include a dollar sign and be accurate to two decimal places)

(b) What would Rich's monthly payment be if he takes the $\$5{,}000$ rebate?

Monthly payment with $\$5{,}000$ rebate =

(Note: Your answer should include a dollar sign and be accurate to two decimal places)

(c) Which of the two options is financially better for Rich? Enter either "1" (for Option 1) if the $0$% financing is better or enter "2" (for Option 2) if the $\$5{,}000$ rebate is better. (Do not include the quotation marks in your answer.)

Best Option is Option