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Omar is leasing a car originally valued at $36,520. The lease is being financed with an interest rate of 6.68% compounded monthly with payments of
Omar is leasing a car originally valued at $36,520. The lease is being financed with an interest rate of 6.68% compounded monthly with payments of $507 at the beginning of each month. How many payments will Omar have to make to repay the original value of the car? Choose B G N or E N D BGN Correct P/Y = C/Y = 12 Correct N = (2 decimal places) I/Y = 6.68 Correct% PV = $ 36520 Correct PMT = $ 507 Correct FV = $ 0 Correct Number of payments = (round to the next higher whole number)
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