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Ray and Rachel are considering the purchase of two deluxe kitchen ovens. The first store offers the two ovens for $3,400 with payment due today.
Ray and Rachel are considering the purchase of two deluxe kitchen ovens. The first store offers the two ovens for $3,400 with payment due today. The second store offers the two ovens for $3,600 due in one year. Required: 1-a. Assuming an annual discount rate of 10%, calculate the present value. (EV of $1. PV of $1. EVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.) Store 1 Store 21 Present Value 1-b. From which store should Ray and Rachel buy their ovens? O Store 1 O Store 2 Ch
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