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Denzel needs a new car At the dealership, he finds the car that he likes. The dealership gives him two payment options: 1. Pay $28,500
Denzel needs a new car At the dealership, he finds the car that he likes. The dealership gives him two payment options: 1. Pay $28,500 for the car today 2. Pay $2,500 at the end of each quarter for three years. Required 1-a. Assuming Denzel uses a discount rate of 8% (or 2% quarterly), calculate the present value E tables provided. Round your answers to 2 decimal places.) o t Pyo 1 RA 1 and p Aot1) (Use appropnate factors" Answer is complete but not entirely correct. Option s 28,500.00 e Option 18,300 00 8
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