You want to purchase computer system for your newly established business. The system you desire to purchase is priced at Rs. 50,000. At store sales person offers you that instead of buying at full price today, you can divide your payment over 2 years. If you accept the installment plan, you will have to pay Rs. 50,000 24 per month plus an administrative fee of Rs.40 per month to be added to your monthly bill. If the on-going interest rate is 18%, which option do you thinks is better for you? I want a correct answer using the Pv value formula..