Adam has just graduated, and has a good job at a decent starting
salary. He hopes to purchase his first new car. The car that Adam
is considering costs $45,000. The dealer has given him three
payment options:
1. Zero percent financing. Make a $7,000 down payment from his
savings and finance the remainder with a 0% APR loan for 48 months.
Adam has more than enough cash for the down payment, thanks to
generous graduation gifts.
2. Rebate with...