Question: Return to quest 7 50 DO 2010 E9-17 (Algo) Computing a Present Value Involving an Annuity and a Single Payment LO 9-7 You have decided

Return to quest 7 50 DO 2010 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 dealer has offered you two options: (V. of S1. PV of St. FVA OC SI, and PVA of 5) (Use the appropriate factor(s) from the tables provided.) a. Pay $510 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 $15,921, due when you purchase the car 1a. 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? Answer is not complete. Present value Which offer is early a better det? Oponb

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