Lease NPV

As we are paying in start of the each year so 1st year lease will be paid in year 0. So 4 year's annuity factor is 3.170. 4 year annuity factor plus 1 equal to 4.170 then divide NPV by annuity factor 4.170. Then you'll find your answer.

mabs6601: Thank you for answering, but please do not answer in this forum because it is the Ask the Tutor Forum and you are not the tutor :-) (But please do answer in the other F9 forum and help other students :-) ) yoli100: the answer that mabs6601 has given is correct :-)

You are welcome :-)