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?

Answer rating: 100% (QA)

According to the information you provided the SUV is an annuity due while the sedan is an ordinary a... View the full answer