The following lease data is entered into an Excel worksheet: Asset Cost, cell B1, $30.000...
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The following lease data is entered into an Excel worksheet: Asset Cost, cell B1, $30.000 Residual Value, cell B2, $8,000 Lease APR, cell B3, 3% Lease Term, cell 84,5 years Assume lease payments are made annually (end of the month). Which of the following functions will accurately calculate the required annual payments for this lease? -PMT(B1,B2,-83,B4,1) None of the answers are correct. -PMT(B3,B4, B1, B2,1) -(B1,82,-83,84,0) -PMT(B3/12,B4*12,-B1,B2.0) =PMT(B3.B4,-B1,82,0)
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