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Posted on May 18, 2024

An 1 8 - month lease agreement is signed for a car with a net capitalized cost of $ 1 0 0 0 0 and

18 -

month lease agreement is signed for a car with a net capitalized cost of $

10000

and aresidual value of $

5000 .

The interest rate for the lease agreement is

6 %

compounded monthly.Complete the following: a

)

Calculate the average monthly finance charge. b

)

Calculate the average monthly depreciation. c

)

Calculate the monthly lease payment.

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