The Lancer Leasing Company Has Agreed To Lease A Hydraulic Trencher To The Chave

The Lancer Leasing Company has agreed to lease a hydraulic trencher to the Chavez Excavation Company for $20,000 a year over the next eight years. Lease payments are to be made at the beginning of each year. Assuming that Lancer invests these payments at an annualrate of 9 percent, how much will it have accumulated by the end of the eighth year? calculate using excel

The Lancer Leasing Company has agreed to lease a hydraulic trencherto the Chavez Excavation Company for $20,000 a year over the nexteight years. Lease payments are to be made at the beginning of…