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While at the Telstra shop, purchasing the iPhone X, the salesperson offers you two new...

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Finance

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While at the Telstra shop, purchasing the iPhone X, the salesperson offers you two new deferred payment options. Deferred Payment 1: Pay $1,000 in 6 months from now. FI Deferred Payment 2: Pay $1,100 in 1.5 years from now. Using a discount rate of 5% p.a., the PV cost of Deferred Payment 1 is (select the closest answer) while the PV cost of Deferred Payment 2 is e . The cheapest i Deferred Payment 1 Deferred Payment 2

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