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Mckoy Leasing leased a car to a customer. Mckoy will receive $325 a month, at the end of each month, for 60 months. Use

Mckoy Leasing leased a car to a customer. Mckoy will receive $325 a month, at the end of each month, for 60 months. Use the PV function in Excel to 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 18%? 2. What is the present value of the lease if the car can likely be sold for $4,000 at the end of five years?

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