Ray and Rachel are considering the purchase of two deluxe kitchen ovens. The first store offers the two ovens for $3,000 with payment due today. The second store offers the two ovens for $3,200 due in one year. Required:
1-a. Assuming an annual discount rate of 10%, calculate the present value. 1-b. From which store should Ray and Rachel buy their ovens?

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

lives by a moral and ethical code

being suspected of supplying drugs means you are much more likely to be charged. the amount of drugs found on you, and whether you have a criminal record, will be taken into account when a punishment is being decided.

decisions to prosecute are taken by the public prosecution service. the maximum sentences for intent to supply drugs are:

answer casual models;