Question: Please Using EXCEL and showing EVERY EXCEL formula: Your auto dealer gives you the choice to pay $15,500 cash now or make three payments: $8,000

Please Using EXCEL and showing EVERY EXCEL formula:

Your auto dealer gives you the choice to pay $15,500 cash now or make three payments: $8,000 now and $4,000 at the end of the following two years. If your cost of money (discount rate) is 8%, which do you prefer?

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