You're considering buying a new top-of-the-line luxury car. The cars list price is exist99,000. The dealer has offered you two alternatives for purchasing the car: You can buy the car for exist90,000 in cash and get a exist9,000 discount in the bargain. You can buy the car for the list of exist99,000. In this case the dealer is willing to take exist39,000 as an initial payment. The remainder of exist60,000 is a "zero-interest loan" to be paid back in equal installments over 36 months. Alternatively, your local bank is willing to give you a car loan at an annual interest rate of 10%, compounded monthly (that is, 10%/12 per month). Decide how to finance the car: bank loan, zero-interest loan with the dealer, or cash payment. You're considering buying a new top-of-the-line luxury car. The cars list price is exist99,000. The dealer has offered you two alternatives for purchasing the car: You can buy the car for exist90,000 in cash and get a exist9,000 discount in the bargain. You can buy the car for the list of exist99,000. In this case the dealer is willing to take exist39,000 as an initial payment. The remainder of exist60,000 is a "zero-interest loan" to be paid back in equal installments over 36 months. Alternatively, your local bank is willing to give you a car loan at an annual interest rate of 10%, compounded monthly (that is, 10%/12 per month). Decide how to finance the car: bank loan, zero-interest loan with the dealer, or cash payment