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

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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