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A car dealer offers you two deals. In deal 1, you pay $15,100 for your car today. In deal 2, you are required to pay
A car dealer offers you two deals. In deal 1, you pay $15,100 for your car today. In deal 2, you are required to pay $10,000 today, $4000 one year from now and $2,000 two years from now. If the interest rate in the market is 8%, which deal would you take. Explain and show your calculations and use excel formulas to find the solution.
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