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ILID Question 5 of 9 Charles was offered two options for a car he was purchasing: Lease option Pay lease amounts of $500 at the

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ILID Question 5 of 9 Charles was offered two options for a car he was purchasing: Lease option Pay lease amounts of $500 at the beginning of every month for 6 years. At the the end of 6 years, purchase the car for $10,500. Buy option Purchase the car immediately for $28,000. Which option should he choose if money is worth 5.60% compounded monthly? (click to select)

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