Nina leased a car for four years by making a down payment of $1500 and lease payments

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Nina leased a car for four years by making a down payment of $1500 and lease payments of $180 at the beginning of every month for four years. She could own the car by paying $4000 at the end of the lease. If money is worth 4% compounded daily, calculate the lease amount of the car.

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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