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Car Leasing Problem Car Price = $22,500 Dn Payment = $2,500 Lease Duration = 3 years Leasing Rate = 2.99% Residual Value of Car at

Car Leasing Problem

Car Price = $22,500

Dn Payment = $2,500

Lease Duration = 3 years

Leasing Rate = 2.99%

Residual Value of Car at the end of 3 years = $12,500

Approximate Monthly Payments for this Lease are:

a.

$250.00

b.

715.00

c.

320.00

d.

$ 280

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