Problem 15 Intro You need a new car and want to keep it for 5 years. You can either buy or lease it. If you lease it, you need to make a lease payment at the beginning of each year: A B 1 Price of car 16,000 2 Resale value after 5 years 8,000 3 Annual lease payment 1,600 4 Number of lease payments 5 Interest rate 5 10% Attempt 1/10 for 10 pts. Part 1 What is the present value of all lease payments? Enter your answer with a negative sign. 0+ decimals Submit