A storeoffers two paymert plans. Under the installment plan, you pay 25% down and 25% of the purchase price in each of the next years. If you pay the entire bill immediately, you can take a discount of 7% from the purchase price. Assume the product sells for $10 a-1. Calculate the present value of the payments if you can borrow or lend funds at an interest rate of 4 percent.(Do not round intermediete calculations. Round your answer to 2 decimal places) PV of installment plans 65.60 a-2 Which is a better deal3 Installment plan . Pay in full b-1. Calculate calculations. Round your answer to 2 decimal places.) the present value if the payments on the 4 year installment plan do not start for a fuil year (Do not round intermediate PV of installment plan$ 93.00 Prev 9 5 E Next > A storeoffers two paymert plans. Under the installment plan, you pay 25% down and 25% of the purchase price in each of the next years. If you pay the entire bill immediately, you can take a discount of 7% from the purchase price. Assume the product sells for $10 a-1. Calculate the present value of the payments if you can borrow or lend funds at an interest rate of 4 percent.(Do not round intermediete calculations. Round your answer to 2 decimal places) PV of installment plans 65.60 a-2 Which is a better deal3 Installment plan . Pay in full b-1. Calculate calculations. Round your answer to 2 decimal places.) the present value if the payments on the 4 year installment plan do not start for a fuil year (Do not round intermediate PV of installment plan$ 93.00 Prev 9 5 E Next >