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PLEASE USE THE FINANCIAL CALCULATOR WAY: N =? I/Y =? PV = ? PMT =? FV=? P/Y=? C/Y=? PLEASE ANSWER ASAP!! :) The MSRP on
PLEASE USE THE FINANCIAL CALCULATOR WAY: N =? I/Y =? PV = ? PMT =? FV=? P/Y=? C/Y=?
PLEASE ANSWER ASAP!! :)
The MSRP on a Tesla Module S is $100,600. The interest rate on a 4-year lease is 3.9% compounded monthly. a) What is the monthly lease payment, assuming a down payment of $15,000 and residual value of $20,900 ? b) What would be the surplus/shortage of money if a customer had a budget of $1600/ month to spend on the above lease? In order to be eligible for partial marks you must show your work. Remember you can expand the input window below by clicking and dragging the three diagonal lines in the bottom right corner. Round your final answer to 2 decimalsStep by Step Solution
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