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Round dollar amounts to TWO decimal places. John leases a car with a contract that requires start-of-month payments of $306.75 for 4.5 years at 4.85%
Round dollar amounts to TWO decimal places. John leases a car with a contract that requires start-of-month payments of $306.75 for 4.5 years at 4.85% compounded monthly. a) What is the price of the car if the residual value is $13,180 at the end of the lease? b) How much will John pay in total for leasing the car (without the residual value)? otal paid = Page 14
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Sound Investing, Chapter 5 - Cost Allocation
Authors: Kate Mooney
8th Edition
007171927X, 9780071719278
