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page 185 is where i need help. page 184 is an example of the calculator steps with it. if i can get calc steps too
page 185 is where i need help. page 184 is an example of the calculator steps with it. if i can get calc steps too that would be needed thanks 185 You are trying to decide whether to buy or lease a new machine. The machine costs $700,000 1) You can buy it, borrowing money from the bank. If you borrow from the bank, the Interest rate will be 10%. You can also 2) lease it for five years, $10,000 down and five annual payments of $179,000. At the end of the 5th year you can buy the equipment for $5,000 3) Lease it for seven years, $20,000 down and seven payments of $133,300 After making the last payment, you may purchase the equipment for $50,000. What should you do? 184 mok nero 18.01 Wit ncavil cen PV = 22,880.00 Price Putting present value to use to evaluate some leases propositions You are trying to decide whether to buy or lease a truck. The following information is available to you The manufacturer's suggested retail price is $26.459.00 You can actually buy it for $22.880.00 The current bank interest rate for truck loans is 9% and you will put 10% down and pay the balance over 36 months starting one month from signing It is raining while you make the deal. You can lease the truck for $700.00 per month for 36 months. The lease requires a down payment of $1.200 due at signing. You can purchase the truck at the end of the lease for $2.000 You would rather have a Lexus 2nd CLR TVM Decision: 700 PMT 2,000 FV 36 N .259/12 ly = Buy, Lower Pv 12 upt Pv 23,541.00 + 1200 = 24,741.06
page 185 is where i need help.
page 184 is an example of the calculator steps with it. if i can get calc steps too that would be needed thanks
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