YOU DECIDE TO SELL YOUR CAR AND SOMEONE HAS OFFERED YOU FOUR EQUAL...

9. You decide to sell your car and someone has offered you four equal annual payments of $3,100, beginning two years from today. Your alternative is to sell your car today for $9,000 cash. Assuming everything else is equal, should you accept the offer of the four equal payments (the prevailing rate of interest is 10%)? A) Yes; present value is $9,827. B) Yes; present value is $11,372. C) No; present value is $8,933. D) No; present value is $8,121.