Show transcribed image text Ray and Rachel are considering the purchase of two deluxe kitchen ovens. The first store offers the two ovens for $2, 800 with payment due today. The second store offers the two ovens for $3,000 due in one year. Required: Assuming an annual discount rate of 10%, calculate the present value. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.)
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(it’s simple and quick)