Lakota is deciding between two vehicles that will be leased for the next three years. The SUV will require a monthly lease of $350 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 $350 lease payment. Lakota 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? (round calculations to the nearest dollar)

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The Answer of Lakota is deciding between two vehicles that will be leased for the next three years. The SUV will require a monthly lease of $350 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 $350 lease payment. Lakota 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? (round calculations to the nearest dollar)

Lakota Is Deciding Between Two Vehicles That Will Be Leased