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QUESTION
(Ch3) Compute the present cost of a luxury car leased for $800 per month for 48 months. The lease also calls for a $1000 payment up front. The...
(Ch3) Compute the present cost of a luxury car leased for $800 per month for 48 months.
The lease also calls for a $1000 payment up front. The interest rate is 9% compounded
monthly. (3 pts.)
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