General Motors advertised three alternatives for a 19-month lease on a new Tahoe: (1) zero dollars down and a lease payment of $2,700 per month for 19 months, (2) $8,900 down and $2,450 per month for 19 months, or (3) $48,500 down and no payments for 19 months. (Table B1. Table 3.2. 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). Amount Present Value Option 1 Down Payment Monthly Payments Total Present Value Table Value 1.0000 Option 2 Table Value Amount Present Value 1.0000 Down Payment Monthly Payments To Present Value Option 3 Table Value Amount Present Value Down Payment 10000 Total Present Value