Which of the following transactions listed in Bizcomps has the lowest cash-equivalent price?
a) Purchase price of $125,000 paid for in cash
b) Purchase price of $125,000 paid for with a 25% down payment and a three-year note payable of $93,750 with a market rate of interest
c)purchase price of $125,000 paid for with a 25% down payment and a three-year note payable of $93,750 with an interest rate below the market rate of interest
d) Purchase price of $125,000 paid for with a 25% down payment and a three-year note payable of $93,750 with an interest rate about the market rate of interest