Denzel needs a new cat. At the dealership, he finds the car that he likes....
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Denzel needs a new cat. At the dealership, he finds the car that he likes. The dealership gives him two payment options 1. Pay $25,000 for the car today, 2. Pay $2,200 at the end of each quarter for three years. Required: 1-a. Assuming Denzel uses a discount cate of 12% (of 3% quarterly calculate the present value. V of S1, p. 51. EVALS1, and PVA 1) (Use appropriate foctor(s) from the tables provided. Round your answers to 2 decimal places.) Answer is complete but not entirely correct. Option 1 (Option 2 Present Value 20 000.00 32,848213
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