E9-17 (Algo) Computing a Present Value Involving an Annuity and a Single Payment LO 9.7 You have decided to buy a used can. The dealer has offered you two options: (EV of S1. PV of S1. EVA of \$1, and PVA of \$1) Note: Use the appropriate factor(s) from the tables provided. a. Pay $530 per month for 20 months and an additional $12,000 at the end of 20 months. The dealer is charging an annual interest rate of 24 percent. b. Make a one-time payment of $15,392, due when you purchase the cat. Required: 1-a. Determine how much cash the deater would charge in option (a). Note: Round your intermediate calculotions and final answer to 2 decimal ploces. 1.b. In present value terms, which offer is a better deal