Question: View Policies Current Attempt in Progress Pharoah is deciding between two vehicles that will be leased for the next three years. The SUV will require

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Current Attempt in Progress
Pharoah is deciding between two vehicles that will be leased for the next three years. The SUV will require a monthly lease of $520 that will be paid at the beginning of each month. The sedan will have payments due at the end of each month with the same $520 lease payment. Pharoah will have a 36% discount rate associated with the lease. What is the present value (PV) for the two vehicles, and which should she choose based on your calculations? (For calculation purposes, use 5 decinal places as displayed in the factor table provided, Round final answers to 0 decimal places, e.s.5,275. Enter negathve arnounts using elther a negative sign preceding the number, eg.-5,125.36 or parantheses, eg.(5,125.36))
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SUV present value
Sedan PV
Pharoah should choose the
$
$
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View Policies Current Attempt in Progress Pharoah

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