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help me fix this please Lights, Camera, and More sells filmmaking equipment. The company offers three purchase options: (pay full cash today, (2) pay one-
help me fix this please
Lights, Camera, and More sells filmmaking equipment. The company offers three purchase options: (pay full cash today, (2) pay one- hall down and the remaining one-half plus 10% in one year, or (3) pay nothing down and the full amount plus 15% in one year. George is considering buying equipment from Lights, Camera, and More for $95,000 and therefore has the following payment options Payment Payment in Total Today One Year Payment Option1 $95,000 $ . $ 95,000 Option 2 47,500 52,250 99,750 Option 109,250 109,250 Required: 1-a. Assuming an annual discount rate of 10%, calculate the present value and the total cost. (FV of $1. PV of $1. FVA of $1, and PVA of S(Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.) Answer is complete but not entirely correct. Present Value of Total Present Payment Today Payment in One Value for Total Your Cost) Option S 80,000 os 80,000.00 Option 40,000 44,000.00 84.000.000 Option O 02.000.000 92,000.00 3 1 2 1-6. Which option's cost has the lowest present volue? Option 1 Option 20 Option 3 Step by Step Solution
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