Leroy Jenkin Co. is thinking about the lease of cars from an auto dealer. The...
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Leroy Jenkin Co is thinking about the lease of cars from an auto dealer. The dealer offered the company the deal to pay $ per year for years. The interest rate of the lease is a If the lease begins on January and the company makes its first payment on December compute the present value of the lease.. b If the lease begins on January and the company makes its first payment on that date, compute the present value of the lease. 
Leroy Jenkin Co is thinking about the lease of cars from an auto dealer. The dealer
offered the company the deal to pay $ per year for years. The interest
rate of the lease is
a If the lease begins on January and the company makes its first
payment on December compute the present value of the lease..
b If the lease begins on January and the company makes its first
payment on that date, compute the present value of the lease.
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