Question
Jaquar advertises a 48 month lease for the F-Type with monthly payments of only $1,135.23. The price of the car is $83,000. The buyout is
Jaquar advertises a 48 month lease for the F-Type with monthly payments of only $1,135.23. The price of the car is $83,000. The buyout is $42,330 and Jaguar requires a downpayment of $5,000. What is the annual interest rate on the lease? Calculate the annual rate in nominal (APR) form--not effective. (Ignore taxes.)
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The Everything Guide To House Hacking
Authors: Robert Leonard
1st Edition
1507217196, 978-1507217191
