denzel needs a new car. at the dealership, he finds the car that he likes. the dealership gives him two payment options: pay $27,500 for the car today. pay $2,500 at the end of each quarter for three years. required: 1-a. assuming denzel uses a discount rate of 8% (or 2% quarterly), calculate the present value. 1-b. which option gives him the lower cost?
