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FV Marge purchased a new vehicle for $50,000. She made a down payment of $3,000. Her lease is for 4 years, at an interest rate

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FV Marge purchased a new vehicle for $50,000. She made a down payment of $3,000. Her lease is for 4 years, at an interest rate of 2.5% compounded monthly. The residual value of the vehicle is $8,000. Calculate her beginning of the month payment. 1/Y PIY C/Y N PV PMT 0 -50000 0 12 12 12 2.5 The monthly payment is $

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