Question: Carla is deciding between two vehicles that will be leased for the next three years. The SUV will require a monthly lease of $550 that

Carla is deciding between two vehicles that will be leased for the next three years. The SUV will require a monthly lease of $550 that will be paid at the beginning of each month. The sedan will have payments due at the end of each with the same $550 lease payment Carla Vista will have a discount rate associated with the lease. What is the present value (PV) for the two vehicles, and which should she choose based on your calculations?

SUV present value: $

Sedan PV:

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