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Orla is looking at leasing a car. Compute the residual value on the lease given the other information in the table below. For full marks

Orla is looking at leasing a car. Compute the residual value on the lease given the other information in the table below. For full marks your answer(s) should be rounded to the nearest cent. Note: The interest rate is the annual rate with monthly compounding. Purchase Price Down Monthly Interest Payment Payment Rate $5,000 $614.658.75% Term (months) Residual Value $32,400240.00
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