The $219.40 monthly payment on a 48-month lease of a Kia SOUL was based on a down

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The $219.40 monthly payment on a 48-month lease of a Kia SOUL was based on a down payment of $1545, an interest rate of 3.9% compounded monthly, and a residual value of $6815. What is the full price (MSRP) for the car?

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Business Mathematics In Canada

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Authors: Ernest Jerome

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Question Posted: Jan 02, 2024 02:42 AM

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The $219.40 monthly payment on a 48-month lease of a Kia SOUL was based on a down

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To calculate the full price MSRP of the car we need to consider the down payment monthly payment int...View the full answer

Business Mathematics In Canada

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