Q 2.40. Use a spreadsheet to answer the following question: Car dealer A offers a car for
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Q 2.40. Use a spreadsheet to answer the following question: Car dealer A offers a car for $2,200 up-front (first payment), followed by $200 lease payments over the next 23 months. Car dealer B offers the same lease at a flat $300 per month (i.e., your first up-front payment is $300). Which lease do you prefer if the interest rate is 0.5% per month?
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