Answer the following using the TVM tables. Do NOT use a financial calculater.

bp TABLE 1 Future value interest factor of $1 per periodat% forn periods, FIF(in 1082 1.103 1.124 1.145 1.166 1.188 1210 1.232 1254 1.277 1.300 1.061 1.346 1.369 1.392 1416 1440 11.030 1.061 1.093 1.125 1.158| 1.191 1.225 1.260 1205 1.33 11 1368 14% 1 41.041 1.082 1.126 1.170 1.216 1.262 1311 1.360 1.412 1.4641518 1,574 1.630 1.689 7 1.072 1.149 1.230 1.316 407 1.504 1.506 1.714 1.828 49 2.076 2211 2353 2 1.051 1.104 1.159 1.217 1.276 6 1.062 1.126 1.194 1.265 1.340 1419 1338 1403 1469 1,539 1611 1.6851 1501 1.587 1.677 1.772 1.870 1.974 8 1.083 1.172 1267 1.369 1477 1.54 1.718 1851 1993 2.144 2305 2476 2658 9 1.094 1.195 1.305 1.423 10 1.105 1.219 1.344 1.480 1.551 1.689 1.838 1.999 2.172 2.358 2558 2.773 3.004 3252 2,853 3,152 3479 3.836 4226 1.791 1.967 2.1592.367 254 2.839 3,105 3 1.116 1.243 1.384 1,539 1.710 188 2.105 2.332 2.580 2.853 3,182 12 1.127 1.288 1.426 1.6196 2.012 2.252 2.518 2.813 3.1383498 3896 4335 13 1,138 1294 1.469 1665 1886 2133 2410 2.720 3066 3452 3883 4363 4.898 5482 4818 5.936 6,580 7.288 8064 8916 141 1.149 1.319 1.513 1.732 1.980| 2.261 2.579 2.9373.342 379 4310 4.Ber 5.535 6261 1.346 1.558 1.801 2.079 2.397 2759 3172 3.642 4.177 1 4785 6 1.173 1.373 1.605 183 2.183 .0 2.952 34263,970 4.596 17 1.184 1.400 1653 1348 2292 269 18 1.196 1.428 1.702 2.026 2.407 2854 3.380 3.996 4717 19 1.208 1457 1.754 2.107 2.527 3.026 3.617 4.316 5.142 .1167.263 8613 0 93 3.159 3.700 4.328 54 5.895 6.866 7.968 9276 10.761 12468 14426 16.672 6544 760 9.024 10.575 12.375 14.463 16.879 19.673 22.901 14.232 16.777 19.748 23.214 27.252 62669 7 388 65001 93.051 132.782 188.884 267 864 378.721 533.869 750.378 1,051.668 1.486 1.806 2191 2653 3.207 3.870 4661 5604 6.727 806 25 1282 1.641 2.094 2666 3.386 4.292 5.427 85 17.000 21.231 26 462 32919 4.874 50.658 1.811 2.427 3.243 4.322 5.743 7612 10.063 13.268 17449 22892 29.960 39.116 50.950 68.21285.850 111,065 143371 184.675 237.376 9 180.314 243.503 327.997 440,701 590 668 35 1.417 2.000 2.814 3.946 5516 7.686 10.677 14.785 20.414 28. 102 38,575 52.8 40 1.489 2.208 3.262 4801 7040 10.286 14.974 21.725 31.409 55 6 50 1.645 2.692 4384 7.107 11467 18420 29.457 46902 74358 117 391 184 565 00 72.069 98.100 133,176 289.002 450,736 700 233 1083 657 1670,704 2.566 215 3927.357 5.988 914 9,100438 |||| 300 160 102-400-1 400-11-72 400 11122|2 3 4 5 6-7 B-21-18 2 26 31 38-95 ar sso 400 ||| 11 15 30 TABLE 2 Present value interest factor of $1 per period at 1% for n pen iods, PVF,n) Period 0.990 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0980 0.96 1 0.943 0,925 0907| 0890 0.873 o es7 0842 oe26|OR12 0797 078301 0.971 0.942 0.915 0.889 0.864 0.840 0.816 0.794 0.772 0.751 0.731 0.712 0.693 0.924 0.888 0.855 0823 0.792 0.763 0.735 0.708 0683 0.659 0 0.917 0.909 0.901 0.893 0885 0.877 0.870 0.862 0.855 0B47 0.840 0.833 0.731 0.718 0.706 0.694 0.693 0.675 0.658 0.641 0.624 0.609 0.593 0.579 0.636 0.613 0.592 0.572 0.552 0.534 0.516 0.499 0482 0.951 0.906 0.863 0822 0,784 0 0,747 0,713 0.681 0650 0,621 0.593 0567 0.543 0.519 0.497 0.476 0.456 0.437 0.419 0746| -0.705 -0.666 0.630.596564 0.535-0.507-0.480-0456-0.432 0.410-03 0790 0.711 0.665 0.623 0.583 0.547 0.513 0.482 0.452 0.425 0.400 0.376 0.354 0.333 0.314 0.296 285 0.266 0.249 89 0.731 0.677 0.627 0.582 0.540 0.502 0.467 0.434 0.404 0.376 0.351 0.327 0.305 o 0.592 0.544 0.500 0.460 0.424 0.391 0.361 0.333 0.308 0.284 0.263 0.243 0.225 0.209 0.194 0.558 0.508 0463 0.422 0.386 0.352 0322 0.295 0270 0247 0.227 0.208 0.191 0.176 0.162 0.527 0.475 04290.3880.350 0.317 287 0.261 0.2370.215 0.195- 0.178- 0.162-0.148 -0.135 7 0.444 0.397 0.356 0.319 0.286 0.257 0.231 0.208 0.187 0.168 0.152 0.137 0.124 0.112 0.415 0.368 0.326 0.290 0.258 0229 0.204 0.182 0.163 0.145 0.130 0.116 0.104 0.093 9 0.914 0.837 0.766 0.703 0.645 10 0.9050.820 0,744 0.676 0.614 0.558 0508 0.463 0.422 0.896 0.804 0.722 0.650 0.585 13 0.879 0.773 0.681 0601 0.530 0.469 15 0.861 0.743 0.642 0.555 0.481 0.429 0.38 0.442 0.388 0.340 0.299 0.263 0232 0.205 0.181 0.160 0.141 0.125 0.111 0.099 0.088 0.107 0.093 0.081 0.071 0.062 0.054 0.108 0.093 0.080 0.069 0.060 0.052 0.045 16 0.3500.296 0.250 0.212 0.180 0.153 0.130 0.111 0.095 0.081 0.069 0.059 0.051 0.044 0.038 0.853 0.728 0.623 0.534 0.458 0.394 6 0.853 0.728 0.623 0.534 0.458 0.394 0.339 0.292 0.252 0218 17 0.844 0.714 0.605 0.513 0.436 0.371 0.317 0.270 0.231 0.198 0.170 0.146 0.125 18 0.836 0.700 0.587 0.494 0.41 0.331 0.277 0232 0.194 0.164 0.138 0.116 0. 0.233 0.184 0146 0.116 0.092 .07400590 047 0.038 D:03DD0240.02ODO 0.130 0.094 0.068 0.049 0.036 0.026 0.019 0.014 0.010 0.008 0.006 0.004 098 0.083 0.070 0.060 0.051 0.043 0.037 0.031 215 0.178 0.149 0.124 0,104 0,087 0.073 0.061 0.051 0.043 0.037 0.031 0.026 20-O 820-0673 0.554 0.456 0.377 0.312 0258 0.215 25 0.780 0.610 0.478 0.375 0.295 0.146 0 30 0.742 0.552 0.412 0.308 0.231 0.174 0.131 0.099 0.075 35 0.706 0.500 0.355 0.253 0,181 0.084 0.057 0.044 0.033 0.026 0.020 0.015 0.012 0.009 0.007 o 7 0.046 0.032 0.022 0.015 0.011 0.008 0.005 0.004 0.003 0.002 0.001 0.001 0.001 0001 0.000 0,000 0.000 0.000 0.672 0.453 0.307 0.208 0.142 0.097 0067 0.046 0.032 0.022 0.015 0.228 0.141 0.087 0.054 0034 0021 0013 0.009 0.005 0003 0.002 0,001 0.001 000000000 1 Buzzgreen Landscaping is considering buying a truck for $60,000 cash. The dealer has offered a lease option, in which the 21 company can make 8 annual payments of $10,100 at year end, at a cost of 8%, to pay off the truck, which option is better? 4 Purchase price of truck 6 PV of cost of 7 year lease: 7 8 Which option is better? 9 (Lease or Buy)