Question

A delivery service is buying 600 tires for its fleet of vehicles. One supplier offers to supply the tires for $ 75 per tire, payable in one year. Another supplier will supply the tires for $ 15 comma 000 down today, then $ 55 per tire, payable in one year. What is the difference in pv between the first and the second offer, assuming interest rates are 9%?

Answer 1

Answer:

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