Exercise 1 - Time value of money: You want to buy a brand new Tesla Model S car. The dealer offers you 3 payment options: (1) Make monthly payments of S2,325 over a period of 3 years at the end of every month. (2) Pay $10,000 upfront, and $65,000 3 years from now. Mabe 1 qal pmecet 33 Annual interest rate is 12%. Required: 1. Calculate the present value of option (1) 2. Calculate the present value of option (2) 3. Calculate the amount of the equal payment in option (3) 4. Which option is preferable? Explain