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Question 2 (7 points) DEF Company is considering leasing a piece of equipment per the following terms: 8.5% APR compounded annually Purchase price - $2,000,000

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Question 2 (7 points) DEF Company is considering leasing a piece of equipment per the following terms: 8.5% APR compounded annually Purchase price - $2,000,000 Terms - 8 years fully amortized with equal quarterly payments The lease payment is closest to: (8 Points) $268,205 $85.971 $84.971 $84.236

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