Joe's current lease calls for payments of $1,500 at the end of each
month for the next 60 months.  Now a new lease is offered to Joe which
is a new 5-year lease which calls for zero rent for 6 months, then
rental payments of $1,550 at the end of each month for the next 54
months.  Joe's cost of capital is 11 percent.  By what absolute dollar
amount would accepting the new lease change Joe's theoretical net
worth?

http://answers.google.com/answers/threadview?id=445403

exam - home work questions should not be posted in Google answers.

it's a simple forumla, look in your text book, do the math

Its not a homework question. I am trying to solve the text book
problem and want to verify the answer. I have a bet with my friend
that this thing will not work.

then supply your answer and how you came to the conclusion. We will
gladly verify if it is correct, since that would not be against Terms
of Service.  Interesting that you posted the same question numerous
time just changing names from What Sally and Joe..