The washing machine company is trying to increase its sales. Thus it has offered to sell you the washing machine for $23,000 or charge you $25,000 and lend you $20,000 of the purchase price at 9%. Thus you will make a $5,000 down payment and make the annual payments based on a 9% (subsidized) rate or you will make a $3000 down payment and make the five annual payments. How much cheaper is the discounted financing option?