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Joslin Leasing leased a car to a custorner Joslin will receive $250 a month, at the end of each month, for 72 months. Use the
Joslin Leasing leased a car to a custorner Joslin will receive $250 a month, at the end of each month, for 72 months. Use the PV function in Excel fo calculate the answers to the following questions 1. What is the present value of the lease if the annual interest rate in the lease is 6% ? 2. What is the present value of the lease if the car can likely be sold for $6,500 at the end of six years? 1. What is the present value of the lease if the annual interest rate in the lease is 6% ? (Do not round intermediary computations, but round your final answer to the nearest cont, The present value of the lease is
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