Question
4. You are looking to lease a car and the dealer offers you: Car price = $30,000 Monthly payments = $499 Down payment = $2,000
4. You are looking to lease a car and the dealer offers you:
Car price = $30,000
Monthly payments = $499
Down payment = $2,000
Lease term = 48 months
Purchase price at end of lease = $12,000
What is the implicit interest rate on the lease?
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Introduction To Estimating Economic Models
Authors: Atsushi Maki
1st Edition
0415589878, 978-0415589871
