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Lights, Camera, and More sells filmmaking equipment. The company offers three purchase options: ( 1 ) pay full cash today, ( 2 ) pay one
Lights, Camera, and More sells filmmaking equipment. The company offers three purchase options: pay full cash today, pay one
half down and the remaining onehalf plus in one year, or pay nothing down and the full amount plus in one year. George is
considering buying equipment from Lights, Camera, and More for $ and therefore has the following payment options:
Required:
a Assuming an annual discount rate of calculate the present value and the total cost.
Answer is complete but not entirely correct.
Complete this question by entering your answers in the tabs below.
Assuming an annual discount rate of calculate the present value and the total cost.
Note: Use tables, Excel, or a financial calculator. Round your answers to decimal places. FV of $ PV of $ FVA of $
and PVA of $
Help me fill in the incorrect spots on the table
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