Question: Please show your work by submitting a Word, Excel, or JPEG file in Project 2 - Show Your Work. Using the Excel Template in the

Please show your work by submitting a Word, Excel, or JPEG file in "Project 2 - Show Your Work".

Using the Excel Template in the Week 11 Folder really will help you answer this question correctly.

LEASE FACTS:
Down Payment $ 1,500.00
Lease Term 36 Months
Lease Payments $ 189.00 Per Month
Buy Out Price - End of Lease $ 12,000.00
Market Loan Rate 8%
Sales Tax 6.75%
Title Fee $ 15.00
Your Highes Credit Card Rate 15.00%
Outright Purchase of Car (Before tax and title) $17,000.00

Assume that you can buy the vehicle for $17,000 before tax and title. The NPV of the car if you buy it is:

-17,004

-20,090

-19,076

-18,163

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