Calculate the present value of the 34 payments of $1,047.00 that will be made by Pina for payments 3 to 36 inclusive. You will need to perform two steps. 1. Calculate the present value of the 34 payments as of the end of the second month following the purchase of the used truck. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answers to 2 decimal places, e.g. 5,275.25. Round interest rate per month to 4 decimal places, e.g. 1.5792%.) Present value $ 2. Take the result from the first calculation and calculate the present value as of the date of purchase. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answers to 2 decimal places, e.g. 5,275.25. Round interest rate per month to 4 decimal places, e.g. 1.5792%.) Present value $

Calculate the present value of the 34 payments of $1,047.00 that will be made by Pina for payments 3 to 36 inclusive. You will need to perform two steps. 1. Calculate the present value of the 34 payments as of the end of the second month following the purchase of the used truck. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answers to 2 decimal places, e.g. 5,275.25. Round interest rate per month to 4 decimal places, e.g. 1.5792%.) Present value $ 2. Take the result from the first calculation and calculate the present value as of the date of purchase. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answers to 2 decimal places, e.g. 5,275.25. Round interest rate per month to 4 decimal places, e.g. 1.5792%.) Present value $

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter19: Lease And Intermediate-term Financing

Section: Chapter Questions

Problem 19P

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