E9-17 (Algo) Computing a Present Value Involving an Annuity and a Single Payment LO 9-7 You have decided to buy a used car. The deder has offered you two options: (EV of $1. ev of St. EVA of St. and PVA oft (Use the appropriate factor(s) from the tables provided.) a. Pay $570 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 $17,093, 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? 1-a. Present value 1-6. Which offer is clearly a better deal? Option b