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3. A vehicle with a net capital cost of $25 476 and a residual value of $4558 is leased for 36 months. a) Determine the

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3. A vehicle with a net capital cost of $25 476 and a residual value of $4558 is leased for 36 months. a) Determine the depreciation. [2 marks] b) Determine the monthly depreciation payment, R, in dollars if the interest rate is 4.9% compounded monthly. [3 marks)

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