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revAdmin (Created page with "Two dealers compete to sell you a new Hummer with a list price of $45,000. Dealer C offers to sell it for $40,000 cash. Dealer F offers “0-percent financing:” 48 monthly payments of $937.50. (48x937.50=45,000) You can finance purchase by withdrawals from a money market fund yielding 2% per year. Which of the following statements is true? <ul class="mw-excansopts"> <li>Financing option costs less because the present value of the payments is less than $40,000</li> <...")Dec 5'23 at 0:08+1,103