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Compute the interest paid on a 2-year lease for a $27,805 car if the annual rate of depreciation is 13% and the lease's annual interest
Compute the interest paid on a 2-year lease for a $27,805 car if the annual rate of depreciation is 13% and the lease's annual interest rate is 4.9%. Round your answer to the nearest dollar.
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International Financial Management
Authors: Jeff Madura
3rd Edition
0314862722, 978-0314862723
