Assume that capital markets are perfect. The price of a truck is $90,000, its 
residual value in four years will be $15,000, and there is no risk that the lessee will default on 
the lease. The risk-free interest rate is 6% APR with monthly compounding. Calculate
the monthly lease payments for a four-year lease of the truck.

Answer rating: 100% (QA)

To calculate the monthly lease payments for a fouryear lease of the truck we can use the present val... View the full answer