Question: PLEASE answer using the appropriate functions and formulas on excel ALSO the loan amount for the car is $15000 A B D E F H

PLEASE answer using the appropriate functions and formulas on excel ALSO the loan amount for the car is $15000

PLEASE answer using the appropriate functions and formulas on excel ALSO the

A B D E F H 63 C-Suppose that you have the option to buy the car with a 3 year car loan or lease the car during the same period of time. The 3 year lease option will require a $3,000 down payment and monthly payments of $350. If the salvage value of the new vehicle after 3 years is $5,000 and you can invest at a rate of return of 4%, what is your best option? (Ignore your old vehicle.) 64 65 66 Buy 67 Personal Investment Rate 4% 68 Salvage Value $ 5,000.00 69 Car Loan Payments 70 71 Lease 72 Down Payment $ 3,000.00 73 Monthly Payments $ 350.00 74 75 NPV of Buying 76 NPV of Leasing 77 Buy or Lease? 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 Instructions Your Info Q1 Q2 Q3 +

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