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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
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. Cal...
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