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please show steps and how to solve using a financial calculator (preferably BAII) Incorrect Question 3 0/1 pts Assume you are offered a lease for
please show steps and how to solve using a financial calculator (preferably BAII)
Incorrect Question 3 0/1 pts Assume you are offered a lease for a car with $250 monthly payments for 36 months after a $2,858 up front (down) payment. You could buy the car back for $22,116. The alternative is that you can buy the car for $32,547 and make a $3,200 down payment with 60 payments at 2.84% interest. Assume that at the end of 36 months you will make the decision to keep the car. What is the Net Advantage to Leasing? Note: Intermediate calculations should not be rounded. Round your answer to the nearest dollar with zero decimal points. If necessary, negative values should use a minus (-) sign 2,459 Step by Step Solution
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