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General Motors advertised three alternatives for a 18-month lease on a new Tahoe: (1) zero dollars down and a lease payment of $2,150 per month

General Motors advertised three alternatives for a 18-month lease on a new Tahoe: (1) zero dollars down and a lease payment of $2,150 per month for 18 months, (2) $7,500 down and $1,900 per month for 18 months, or (3) $43,000 down and no payments for 18 months. (Table B.1, Table B.2, Table B.3, and Table B.4) (Use appropriate factor(s) from the tables provided.) Calculate the total present value of lease payments under the three alternatives (assume the annual interest rate is 12% compounded monthly).

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