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Facts and Assumptions: Lease Term in Months 24 Lease Down Payment $500.00 Monthly Lease Payments $300.00 Sales Tax Rate 8% Lease Buyout at End $15,000.00

Facts and Assumptions:

Lease Term in Months

Lease Down Payment

$500.00

Monthly Lease Payments

$300.00

Sales Tax Rate

Lease Buyout at End

$15,000.00

Title Fee

$25.00

Car Loan Market Rate

Outright Purchase Price Before Tax and Title

$19,500.00

What is the NPV of the lease?Round you answer to the nearest whole number.

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