London Chidren's Choli needs a theet of vans to transport the children to singing engagements throughout Ontario. Ford ollers the vehiches fora single pryment of $$135,000$ die at the end of five years. Toyota prices a similar fiect of vans for five annual payments of $$24,000$ eadi, London Chidren's Choir could bonow the funds at $6$ percent; so this is the appropriale interest rale. Which company sticuld get the business, Ford or Toyda? Base your decision on present value, and give your reason.

Find the piesent value for each company Start with finding the present value for Ford. $($Round to the nesrest dollac.$)$

What is the present value of Furds ofler?

Now find the presenl value for Tojola $($Round to the nesrest doliar.$)$

What is the present value of Toyota's ofter?

Which company should get the business, Ford or Toy ota? Complele the sentenci belove:

get tre business because the price in lerms of present value is