Question: use excel show formulas and calculations dont answer if excel is not used . 4 PART 1 The Time Value of Money (Lease vs. purchase)

use excel show formulas and calculations dont answer if excel is not used .

4 PART 1 The Time Value of Money (Lease vs. purchase) You're considering leasing or purchasing an asset with the following cash flows: B C 1 LEASE VERSUS PURCHASE WITH RESIDUAL VALUE LEASE 2 Asset cost 20,000 3 Annual lease payment 5,500 4 Residual value, year 3 4.000

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