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Exercise #12 - You are leasing a car worth for 36 months. The nancing rate is 6% APR and the residual value of the car

Exercise #12 - You are leasing a car worth for 36 months. The nancing rate is 6% APR and the residual value of the car is $16,000 at the end of the lease. Your lease payments are $350. How much is the car worth? 35

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