Question: need help solving these in excel. please show formulas and explain how you got your answer. Intro You need a new car and want to

need help solving these in excel. please show formulas and explain how you got your answer.
Intro You need a new car and want to keep it for 5 years. You can either buy or lease it. If you lease it, you need to make a lease payment at the beginning of each year. A B 1 Price of car 17,000 2 Resale value after 5 years 8,500 3 Annual lease payment 1,700 4 Number of lease payments 5 5 Interest rate 13% Part 1 BAttempt 4/30 for 10 pts. What is the present value of all lease payments? Enter your answer with a negative sign. 0+ decimals Submit Part 2 FB Attempt 1/30 for 10 pts. What is the present value of all purchase payments? Enter your answer with a negative sign. 0+ decimals Submit Part 3 18 Attempt 1/30 for 10 pts. What is the net advantage to leasing, i.e., the incremental NPV of leasing relative to buying? 0+ decimals Submit
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