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Compute the interest paid on a 2-year lease for a $29,191 car if the annual rate of depreciation is 18% and the lease's annual
Compute the interest paid on a 2-year lease for a $29,191 car if the annual rate of depreciation is 18% and the lease's annual interest rate is 4.8%. Round your answer to the nearest dollar.
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Financial Accounting Theory and Analysis Text and Cases
Authors: Richard G. Schroeder, Myrtle W. Clark, Jack M. Cathey
10th edition
470646284, 978-0470646281
