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Monthly payments of $300 are made at the beginning of each month on a lease having a book value of $15,050. What is the term
Monthly payments of $300 are made at the beginning of each month on a lease having a book value of $15,050. What is the term of the lease if the lessee's cost of borrowing is 12% compounded monthly? a 71 months b 70 months c 40 months d 69 months
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