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please help, provide the correct answers as the picture shows :) National Motors Company advertised three alternatives for a 15-month lease on a new Tahoe
please help, provide the correct answers as the picture shows :)
National Motors Company advertised three alternatives for a 15-month lease on a new Tahoe () zero dollars down and a lease payment of $2,000 per month for 15 months. (2) $6,600 down and $1750 per month for 15 months, or (3) $41,500 down and no payments for 15 months (Table B.1. Table B2. Table 8.3, and Table 8.4) (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). n Option 1 Amount Present Value Table Value 1.0000 0 0 Table Value Amount Present Value 1.0000 Down Payment Monthly Payments Total Present Value Option 2 Down Payment Monthly Payments Total Present Value Option 3 Down Payment Total Present Value Table Value Amount Present Value 10000 Indicate which is the best alternative (assume you have enough cash to accept any alternative) Option 1 Option 2 Option 3 Step by Step Solution
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