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Brown's Delivery Service is buying 600 tires for its fleet of vehicles. One supplier offers to supply the tires for $75 per tire, payable in
Brown's Delivery Service is buying 600 tires for its fleet of vehicles. One supplier offers to supply the tires for $75 per tire, payable in one year. Another supplier will supply the tires for $15,000 down today, then $45 per tire, payable in one year. What is the difference in PV between the first and the second offer, assuming interest rates are 8.7%?
A. $1559
B. $2,339
C. $624
D. -$2339
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