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Question 6 (2 points) Use the information for the question(s) below. The pound needs to invest in a new vehicle. The average life expectancy of

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Question 6 (2 points) Use the information for the question(s) below. The pound needs to invest in a new vehicle. The average life expectancy of these vehicles is 7 years. A new vehicle costs $230,000 as a lump sum, or can be leased from the manufacturer for 7 years with $2,500 monthly payments. To finance this, the pound can obtain a loan at 6% APR with quarterly compounding. The present value (PV) of the lease payments for the delivery truck is closest to: $171,301 $179,652 $172,100 $170,450 $171,133

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