Required:
Dorothy has decided to purchase a truck for her business. She has the offers below: $6000 down and 72 payments of $2,186.98 per month; $0 down and 72 payments of $2,602.32 per month. $134,000 cash The relevant interest rate if 7.5%,
Required:
Question: Compute PV to determine which should she prefer.
Note: Please show how to work it out.