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Business, 31.10.2019 01:31 lerasteidl

You are thinking about leasing a car. the purchase price of the car is $33,000. the residual value (the amount you could pay to keep the car at the end of the lease) is $15,000 at the end of 36 months. assume the first lease payment is due one month after you get the car. the interest rate implicit in the lease is 6% apr, compounded monthly. what will be your lease payments for a 36-month lease?

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