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Hillary is leasing a car originally valued at $ 4 4 , 8 8 0 . The lease is being financed with an interest rate

Hillary is leasing a car originally valued at $44,880. The lease is being financed with an interest rate of
7.93% compounded monthly with beginning of month payments of $497.
(a) How many payments will Hillary have to make to repay the original value?
payment(s)
(b) How long, in months, will it take Hillary to pay off the lease? (Hint: In an annuity due, payments are
made at the beginning of each period.)
month(s)
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