In fact, Adam doesn't have sufficient cash to cover all his debts including his (substantial) student loans. The loans have a 10% APR, and any money spent on the car could not be used to pay down the loans. What is the best option for Adam now? (Hint: Note that having an extra $1 today saves Adam roughly $1.10 next year because he can pay down the student loans. So, 10% is Adam's time value of money in this case.) Suppose instead Adam has a lot of credit card debt, wir an 18% APR, and he doubts he will pay off this deb completely before he pays off the car. What is Adam's best option now