Question
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
24
Lease Down Payment
$500.00
Monthly Lease Payments
$300.00
Sales Tax Rate
8%
Lease Buyout at End
$15,000.00
Title Fee
$25.00
Car Loan Market Rate
7%
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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Data Analysis And Decision Making
Authors: Christian Albright, Wayne Winston, Christopher Zappe
4th Edition
538476125, 978-0538476126
