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QUESTION
you are thinking about leasing a car.The purchases price of the car is 30000 the residual value (the amount could...
you are thinking about leasing a car.The purchases price of the car is 30000 the residual value (the amount could pay to keep the car at the and of the lease)is $15000 at the end of 36 months .assume the first lease payment is due one month after you get the car.the intrest rate implicit in the lease is 6%APR compounted monthly .what will your lease payment be for a 36-month lease?
