Denzel needs a new car. A1 the dealership, he finds the car that he likes. The dealership gives him two payment options 1. Pay $32,500 for the car today 2. Pay 53,500 at the end ot each quarter for three years. Required: 1-a Assuming Denzel uses a discount rate of 8% or 2% quarterly Calculate the present value F o $1. P of 51 FV of $1 and PV of 1 (Use appropriate factor s trom the tables provided. Round your answers to 2 decl al places Present Value Opton 32,500.00 Option 2 1-b. Which option gives him the lower cost? Option 1 O Option 2 Roferencos Book & Resourcos Worksheet Dificulty: 1 Easy Learning Objective C-03 Caculate the future value and present value of an annuily Checkmy work