You're on a roll — Step 1: Convert the car's value from USD to UGX. Given exchange rate: $1 \text{ USD} = 3,850 \text{ UGX}$. Car value in UGX: $$8,900 \text{ USD} \times 3,850 \frac{\text{UGX}}{\text{USD}} = 34,265,000 \text{ UGX}$$ a) Compare the two payment options Livingstone has for purchasing the car. Step 2: Calculate the cost for Option 1. Option 1: Pay the full amount in cash and receive a 5% discount. Discount amount: $$5\% \times 34,265,000 \text{ UGX} = 0.05 \times 34,265,000 \text{ UGX} = 1,713,250 \text{ UGX}$$ Cost for Option 1: $$34,265,000 \text{ UGX} - 1,713,250 \text{ UGX} = 32,551,750 \text{ UGX}$$ Step 3: Calculate the cost for Option 2. Option 2: Pay a deposit of UGX 10,000,000, then clear the balance in six equal monthly