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Diverse Leasing leased a car to a customer. Diverse will receive $160 a month for 72 months. Requirements 1. What is the present value of

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Diverse Leasing leased a car to a customer. Diverse will receive $160 a month for 72 months. Requirements 1. What is the present value of the lease if the annual interest rate in the lease is 4% ? Use the PV function in Excel to compute the present value. 2. What is the present value of the lease if the car can likely be sold for $7,200 at the end of six years

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