(a) What preshopping research might Gary do to select the best brand of refrigerator?
(b) Using the information in Table 7-1 on page 213 or the Garman/Forgue companion website, determine Gary’s monthly payment for the two models.
(c) Fit each of the two monthly payments into Gary’s budget.
(d) Advise Gary to help him make his decision.

Gary Joseph, a financial consultant from Spokane, Washington, is remodeling his kitchen. Gary, who lives alone, has decided to replace his refrigerator with a new model that offers more conveniences. He has narrowed his choices to two models. The first is a basic 16-cubic-foot model with a bottom freezer for $799. The second is a 25.4-cubic-foot model with side freezer for $999. Additional features for this model include icemaker, textured enamel surface, and ice and water dispenser. Gary’s credit union will lend him the necessary funds for one year at a 12 percent APR on the installment plan. Following is his budget, which includes $2140 in monthly take-home pay.
Food .............. $ 300
Entertainment ........... 120
Clothing .............. 60
Gifts .............. 70
Charities ............. 75
Car payment ............ 330
Personal care ........... 60
Automobile expenses ....... 120
Savings .............. 130
Housing ............. 825
Miscellaneous .......... 50
Total ............... $ 2,140