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2 round and answer both parts Ray and Rachel are...

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Accounting

2 round and answer both parts
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Ray and Rachel are considering the purchase of two deluxe kitchen ovens. The first store offers the two ovens for $3,500 with peyment due today. The second store offers the two ovens for $3,700 due in one year. Pequired: 1.a. Assuming an annual discount rate of 9%, calculate the present value. 1.b. From which store should Ray and Rachel buy their ovens? Complete this question by entering your answers in the tabs below. Assuming an annual discount rate of 9W, calculate the present value. (FV of \$1, PV of \$1, FVA of \$1, and PVA of S1) (Use Iables, Excet, or a financial calculator found your answers to 2 decimal places.)

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