I now have $16,000 in the bank earning interest of 1.00% per month. I need $26,000 to make a down payment on a house, I can save an additional $100 per month. How long will it take me to accumulate the $26,000 ? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Use a financial calculator or Excel. Your landscaping company can lease a truck for $8,200 a year (paid at year-end) for 5 years. It can instead buy the truck for $35,000. The truck will be valueless after 5 years. The interest fate your company can earn on its funds is 6%. a. What is the present value of the cost of leasing? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. b. Is it cheaper to buy or lease? c. What is the present value of the cost of leasing if the lease payments are an annuity due, so the first payment comes immediately? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. d. Is it now cheaper to buy or lease