You are considering the purchase of a new machine and you have been offered 2 possible quotes: 1- the first quote consists of a quarterly payment of $29,600 for 7 years at 8 percent interest, 2- The second quote consists of annual payment of $ 130,000 for 5 years at a 9 percent interest. a-Explain with your own words the difference between the present value and the future value (2 Marks) b- Which quote you would prefer and why