(Answered) A cash-strapped young professional offers to buy your car

Management Studies

A cash-strapped young professional offers to buy your car with four, equal annual payments of $3,000, beginning two years from today. Assuming you're indifferent to cash versus credit, that you can invest at 10%, and that you want to receive $9,000 for the car, should you accept?

A) Yes; present value is $9,510.
B) Yes; present value is $11,372.
C) No; present value is $8,645.
D) No; present value is $7,461.

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Business Management, Management Studies

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