On September 1, 2024, a company decides to lease office spsce in a building. The...
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On September 1, 2024, a company decides to lease office spsce in a building. The bulding's ownet offers the compary the following options, with the first monthly payment beginning September 30, 2024: 1. Sign a two-year lease with monthly payments of $3.800 2. Sign a threo-year lease with monthly payments of $8,550 3. Sign a fouryear lease with monthly payments of $8,300. Required: 1. For each option, calculate the present value of the lease payments using an interest rate of 6. (14int Use a financial calculator or Excel) 2. Record each leose on September 1, 2024. 3. For which option is the lease payable recorded for the highest amount? Complete this question by entering your answers in the tabs below. For each option, calculate the present value of the lesse puyments using an interest rate of 6%. (Hint: Use a financial caloulator or Excel.) (Round to the nearest whole dellar. Do not round intermedate calculations.)
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