Question
You are leasing a 2020 Porsche 718 Cayman. You found you can lease one in Los Angeles for $659 a month for 42 months. In
You are leasing a 2020 Porsche 718 Cayman. You found you can lease one in Los Angeles for $659 a month for 42 months. In addition, you must pay $4,999 down on the lease (today). What is the PV of the entire lease, including the down payment? Assume the APR of the lease is 3.9%.
| $25,832 | ||
| $18,508 | ||
| $30,832 | ||
| $13,509 | ||
| $32,677
|
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Principles of Auditing and Other Assurance Services
Authors: Ray Whittington, Kurt Pany
19th edition
978-0077804770, 78025613, 77804775, 978-0078025617
