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Annuities Question 5: You are leasing a new BMW 228i. You found you can lease one in Los Angeles for $449 a month for 36

Annuities Question 5: You are leasing a new BMW 228i. You found you can lease one in Los Angeles for $449 a month for 36 months. In addition, you must pay $4,499 down on the lease. How much are you going to spend on the lease over 36 months? Question 6: What is the PV of all the monthly payments plus the down payment on the BMW lease? Assume an interest rate of 4.8% annually

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