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On September 1,2024 . a company decides to lease a new delivery truck for three years. The truck dealership offers the company the following options,

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On September 1,2024 . a company decides to lease a new delivery truck for three years. The truck dealership offers the company the following options, with the first monthly lease payment beginning September 30,2024 1. Pay $0 down and monthly lease payments of $2,000 2. Pay $20,000 down and monthly lease payments of $1,300 3. Pay $40,000 down and monthly lease payments of $600 Required: 1. For each option, calculate the present value of the lease payments using an interest rate of 5%. Round to the nearest whole dollar (Hint Use a financial calculator or Excel) 2. Record each lease on September 1, 2024 3. For which option is the lease asset recorded for the highest amount? (Hint include any down payment in determining your answet) Complete this question by entering your answers in the tabs below. For each option, calculate the present value of the lease payments using an interest rate of 5%. Round to the nearest whole dollar. (Hint: Use a flnancial calculator or Excel.) (Do not round intermediate calculations. Round your answers to the nearest whole dollar.)

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