Adelivery 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%?

The difference in PV between the first and the second offer, assuming an interest rate of 9% is $3,990.83

Explanation:

Hi, first, we need to find the present value (PV) of both alternatives, the first one is as follows.

For the second alternative, the present value is as follows.

Now, the difference is:

So the difference between the present value ofboth alternatives is $3,990.83 (being the lowest the first alternative)

Best of luck

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