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Suppose the purchase price of a hybrid delivery truck is $90,000, its residual value in four years is certain to be $15,000, and there is
Suppose the purchase price of a hybrid delivery truck is $90,000, its residual value in four years is certain to be $15,000, and there is no risk that the lessee will default on the lease. Assume that capital markets are perfect and the risk-free interest rate is 6% APR with monthly compounding.
Calculate the monthly lease payments for a four-year lease of the hybrid delivery truck.
(Please show the calculator commands, "FV, PV, I/Y etc.")
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