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Question 2 Haley is leasing a car originally valued at $43,070. The lease is being financed with an interest rate of 7.9% compounded monthly with
Question 2 Haley is leasing a car originally valued at $43,070. The lease is being financed with an interest rate of 7.9% compounded monthly with payments of $574 at the beginning of each month. How many payments will Haley have to make to repay the original value of the car? Choose BGN or END ? P/Y = CNY = 11 N = = (2 decimal places) I/Y = % PV = $ PMT = $ FV = $ Number of payments = (round to the next higher whole number)
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