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A vehicle is advertised with beginning - of - month lease payments for 7 8 months at 6 . 9 % compounded monthly. The terms
A vehicle is advertised with beginning of month lease payments for months at compounded monthly. The terms of the lease specify that the vehicle price is $ with a residual value of $ A $ down payment is required.
What monthly lease payment is required?
Solve this using BA II calculator formular and show a timeline drawing for the PMT please
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