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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

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National Motors Company advertised three alternatives for a 17-month lease on a new Tahoe: (1) zero dollars down and
a lease payment of $2,100 per month for 17 months, (2) $6,800 down and $1,850 per month for 17 months, or (3)
$42,500 down and no payments for 17 months. (Table B.1, Table B.2, Table B.3, and Table B.4)
Note: Use appropriate factor(s) from the tables provided.
Calculate the total present value of lease payments under the three alternatives (assume the annual interest rate is 12%
compounded monthly).
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