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Miguel is leasing a car originally valued at $41,450. The lease is being financed with an interest rate of 8.59% compounded monthly with payments of
Miguel is leasing a car originally valued at $41,450. The lease is being financed with an interest rate of 8.59% compounded monthly with payments of $421 at the beginning of each month. How many payments will Miguel have to make to repay the original value of the car? Choose BGN or END 1/Y= %PV=$ PMT=$ FV=$ Number of payments = (round to the next higher whole number)
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