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National Motors Company advertised three alternatives for a 1 7 - month lease on a new Tahoe: ( 1 ) zero dollars down and a
National Motors Company advertised three alternatives for a month lease on a new Tahoe: zero dollars down and
a lease payment of $ per month for months, $ down and $ per month for months, or
$ down and no payments for months. Table B Table B Table B and Table B
Note: Use appropriate factors from the tables provided.
Calculate the total present value of lease payments under the three alternatives assume the annual interest rate is
compounded monthly
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