Question: Cullumber is deciding between two vehicles that will be leased for the next three years. The SUV will require a monthly lease of $420 that

Cullumber is deciding between two vehicles that will be leased for the next three years. The SUV will require a monthly lease of $420 that will be paid at the beginning of each month. The sedan will have payments due at the end of each month with the same $490 |ease payment. Cullumber will have a 36% 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? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answers to O decimal places, e.g. 5,275. Enter negative amounts using either a negative sign preceding the number, e.g. -5,125.36 or parentheses, e.g. (5,125.36).) Click here to view the factor table SUV present value % Sedan PV $ Cullumber should choose the v

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