EAIR on Lease example At Auto Motors of Boston, MA you can lease it for the following lease offer for a Tesla car Lease term: 60 months No initial deposit, $8,995 balloon payment at end of lease Daily payment: $10 a day, payable monthly Tesla car cash cost: $44,900 b. Assuming 30 days per month, compute the effective annual interest rate (EAIR) in the lease. c. Compute the balloon payment that gives a 7% EAIR. EAIR on Lease example At Auto Motors of Boston, MA you can lease it for the following lease offer for a Tesla car Lease term: 60 months No initial deposit, $8,995 balloon payment at end of lease Daily payment: $10 a day, payable monthly Tesla car cash cost: $44,900 b. Assuming 30 days per month, compute the effective annual interest rate (EAIR) in the lease. c. Compute the balloon payment that gives a 7% EAIR