Your auto dealer gives you the choice to pay $15,000 cash now, or make three payments: $8,000 now and $4,000 at the end of the following two years. Assuming that you are indifferent to cash versus credit, and that your cost of money is 6%, would you prefer the 3 installment option?

A. Yes; present value of the installment option is $16,000.00

B. Yes; present value of the installment option is $15,333.57

C. No; present value of the installment option is $16,241.00

D. No; present value of the installment option is $15,333.57