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Baran is leasing a car originally valued at $41,860. The lease is being financed with an interest rate of 7.97% compounded monthly with payments of
Baran is leasing a car originally valued at $41,860. The lease is being financed with an interest rate of 7.97% compounded monthly with payments of $528 at the beginning of each month. How many payments will Baran have to make to repay the original value of the car? Choose BGNBGN or ENDEND ? END BGN P/Y = C/Y = N = (2 decimal places) I/Y = % PV = $ PMT = $ FV = $ Number of payments = (round to the next higher whole number)
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