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You have decided to buy a used car. The dealer has offered you two options: (EV of $1, PV of $1. EVA of S1, and

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You have decided to buy a used car. The dealer has offered you two options: (EV of \$1, PV of \$1. EVA of S1, and PVA of S1) (Use the appropriate factor(s) from the tables provided.) a. Pay $660 per month for 25 months and an additional $12,000 at the end of 25 months. The dealer is charging an annual interest rate of 24% b. Make a one-time payment of $18,850, due when you purchase the car. 1-a. Determine how much cash the dealer would charge in option (a). (Round your answer to 2 decimal places.) 1-b. In present value terms, which offer is clearly a better deal? You have decided to buy a used car. The dealer has offered you two options: (EV of \$1, PV of \$1. EVA of S1, and PVA of S1) (Use the appropriate factor(s) from the tables provided.) a. Pay $660 per month for 25 months and an additional $12,000 at the end of 25 months. The dealer is charging an annual interest rate of 24% b. Make a one-time payment of $18,850, due when you purchase the car. 1-a. Determine how much cash the dealer would charge in option (a). (Round your answer to 2 decimal places.) 1-b. In present value terms, which offer is clearly a better deal

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