Question
1.) Find the interest paid on a 3-year lease for a $25750 car if the car's residual value is $17591 and the lease has an
1.)
Find the interest paid on a 3-year lease for a $25750 car if the car's residual value is $17591 and the lease has an annual interest rate of 4%.
Round your answer to the nearest dollar.
2.)
Find the interest paid on a 3-year lease for a $26145 car if the car depreciates at an annual rate of 11% and the lease has an annual interest rate of 5.3%.
Round your answer to the nearest dollar.
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Internal Auditing Theory A Systems View
Authors: Hugh Marsh, G A Swanson
1st Edition
089930608X, 978-0899306087
