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nus points possible 10 1. Jeremy is in the process of purchasing a car. The list price of the car is $36,000. If Jeremy pays
nus points possible 10 1. Jeremy is in the process of purchasing a car. The list price of the car is $36,000. If Jeremy pays cash for the car, the dealer will reduce the price by 10%. Othenwise, the dealer will provide financing where Jeremy must pay s7,705 at the end of each of the next five years Assuming Jerremy has the necessary cash, which option is the better financial deal for Jeremy? Show appropriate calculations, don't just guess.] John won a lottery that will pay him $500,000 at the end of each year for the next twenty years. Assuming an appropriate interest rate is 5% compounded annually. Otherwise John can accept a lump sum payment today of $6,000,000 Which is the better financial deal for John? [Show appropriate calculations, don't just guess.,]
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