Question
Find the interest paid on a 2-year lease for a $29,918 car if the car depreciates at an annual rate of 19% and the lease
Find the interest paid on a 2-year lease for a $29,918 car if the car depreciates at an annual rate of 19% and the lease has an annual interest rate of 4.1%.
Round your answer to the nearest dollar.
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Introduction To Finance
Authors: Lawrence J Gitman, Jeff Madura
1st Edition
0201635372, 9780201635379
