QUESTION 6 5.1 .2 Freddy is the fleet manager of a company and needs to buy a new delivery truck. Freddy has to choose between two deals to finance the delivery truck. Deal 1 Price of delivery truck: R 599 000 Administration Costs: R 2 800 Monthly Repayment: R 11 281 Repayment period: 72 months with no balloon payment. Deal 2 Price of delivery truck: R 599 000 Administration Costs: R 2 800 Monthly Repayment: R 9 907 Repayment period: 72 months with a balloon payment. Balloon payment (last monthly payment) is 20% of the price c delivery truck: R 119 800 Calculate the total cost to the business if they choose: Deal 1 6.1.1 6.1.2 Deal 2 Which deal would you advise Freddy to choose? Give a reason.​