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Help Save & Exit Submit Check my work Exercise 10-19C Analyzing lease options LO C3 General Motors advertised three alternatives for a 35-month lease on
Help Save & Exit Submit Check my work Exercise 10-19C Analyzing lease options LO C3 General Motors advertised three alternatives for a 35-month lease on a new Tahoe:() zero dollars down and a lease payment of $2,400 per month for 35 months, (2) $8,300 down and $2,150 per month for 35 months, or (3) $45,500 down and no payments for 35 months. (Table B1, Table B.2. Table B.3, and Table 8.4) (Use appropriate factor(s) from the tables provided) 10 points Calculate the total present value of lease payments under the three alternatives (assume the annual interest rate is 12% compounded monthly) n a 1.0000 nt Value 1.0000 Option 3
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