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I need the calculation but the correct answer is written with green colour Wrap Text Merge & Center IR. % , 158. : | Conditional

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Wrap Text Merge & Center IR. % , 158. : | Conditional Format as Cell General Insert Delete Format | Formatting Table . Styles . Styles nt Number Cells Y our firm needs to invest in a new delivery truck. The life expectancy of the delivery truck is five years. You can purchase a new delivery truck for an upfront cost of $200,000, or you can lease a truck from the manufacturer for five years for a monthly lease payment of $3900 (paid at the beginning of each month) Y our firm can borrow at 5% APR with quarterly compounding a. Calculate the effective annual rate on your firm's borrowings b. Calculate the effective monthly discount rate that you should use to evaluate the truck lease c. What is the present value of the lease payments for the delivery truck? sheet 6 | sheet7 | sheet 8 | Sheets |

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