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Janice wants to lease a new car over four years. The entire cost of the car is $20,000. At the end of 4 years, the

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Janice wants to lease a new car over four years. The entire cost of the car is $20,000. At the end of 4 years, the car's expected residual value will be 30% of the original price. What is the depreciable value component of the monthly lease payment a. $0 b. $291.67 c. $125.00 d. $416.67

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