WM Homework 3 Seved pists Soped Ray and Rachel are considering the purchase of two deluxe kitchen ovens. The first store offers the two ovens for $3,100 with p due today. The second store offers the two ovens for $3,300 due in one year. Required: 1-a. Assuming an annual discount rate of 10%, calculate the present value. 1-b. From which store should Ray and Rachel buy their ovens? Complete this question by entering your answers in the tabs below. elook Req 1A Req 18 Me Grew Assuming an annual discount rate of 10%, calculate the present value. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places.) Store 1 Store 2 Present Value Req 18 > < Prev 36 Next >> MacBook Air