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General Motors advertised three alternatives for a 25-month lease on a new Tahoe:...

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General Motors advertised three alternatives for a 25-month lease on a new Tahoe: (1) zero dollars down and a lease payment of $1,750 per month for 25 months, (2) $5,000 down and $1,500 per month for 25 months, or (3) $38,500 down and no payments for 25 months. Table B1, Table B.2, Table B.3, and Table B.4) (Use appropriate factor(s) from the tables provided. Enter table values to 4 decimal places.) Calculate the total present value of lease payments under the three alternatives (assume the annual interest rate is 12% compounded monthly) 12 1.0% Option 1 Down Payment Monthly Payments Total Present Value Option 2 Down Payment Monthly Payments Total Present Value Option 3 Down Payment Total Present Value Table Value Amount Present Value 1.0000 $ 1,500 22.0232S 485 485 Present Value 1,750 57,810,900 $ 57,812,650 Present Value 38,500 38,500 Table Value Amount 1.0000 $ 1,750$ 1,500 38,540.6000 $ Table Value Amount 1.0000 $ 38,500S

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