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Your friend asks you for your advice. He is selling his car. He has three offers and asks you which one he should accept? He

Your friend asks you for your advice. He is selling his car. He has three offers and asks you which one he should accept? He can invest his money at a rate of 7% (that is the I). Here are the offers:

  1. Selling Price: $7,200, PMT: $7,200 cash today
  2. Selling Price: $7,200, PMT: $4,200 cash today and $3,000 cash 3 years from now.
  3. Selling Price: $7,700, PMT: $1,700 cash today and $6,000 cash 3 years from now

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