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On a dealer car lease, you are asked to pay $ 3 , 0 0 0 today, with a lease payment of $ 6 0
On a dealer car lease, you are asked to pay $ today, with a lease payment of $ at the beginning of the month with the first payment due today for months. If the value today of the car is $ and will be worth $ at the end of the lease, what rate of return APR and EAR is the car dealer earning?
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