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Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 402 Weeks Ago, 5 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
General Motors advertised three alternatives for a 25-month lease on a new Blazer:
(1) zero dollars down and a lease payment of $1,750 per month for 25 months,
(2) $5,000 down and $1,500 per month for 25 months, or
(3) $38,500 down and no payments for 25 months. Use the present value determine which is the best alternative (assume you have enough cash to accept any alternative and the annual interest rate is 12% compounded monthly).
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