Calculate the lease payments for car with the following price, residual price, length of lease, and money

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Calculate the lease payments for car with the following price, residual price, length of lease, and money factor or APR.

1. Price is $\$ 38,750$, residual price is $\$ 18,140.16,36$-month lease, money factor is 0.000035 .

2. Price is $\$ 45,600$, residual price is $\$ 21,312.50,24$-month lease, APR is $11.7 \%$.

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Contemporary Mathematics

ISBN: 9781711470559

1st Edition

Authors: OpenStax

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Question Posted: May 30, 2024 09:04 AM

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Calculate the lease payments for car with the following price, residual price, length of lease, and money

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Contemporary Mathematics

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