Business, 12.08.2020 06:01, pinapunapula

Your auto dealer gives you the choice to pay $15,500 cash now, or make three payments: $8,200 now, $4,200 in one year and $3,200 in two years. If your cost of money (discount rate) is 7.25%, what is the PV of the installment plan?

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Your auto dealer gives you the choice to pay $15,500 cash now, or make three payments: $8,200 now, $...