Mandel Leasing leased a car to a customer. Mandel will receive $375 a month, at...
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Mandel Leasing leased a car to a customer. Mandel will receive $375 a month, at the end of each month, for 48 months. Use the PV function in Excel to calculate the answers to the following questions 1. What is the present value of the lease if the annual interest rate in the lease is 15%? What is the present value of the lease if the car can likely be sold for $5,500 at the end of four years? 2. 1. What is the present value of the lease if the annual interest rate in the lease is 15%? (Do not round intermediary computations, but round your final answer to the nearest cent.) The present value of the lease is $
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