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Round final dollar answers to 2 decimal places. After taxes and applicable fees, a motor boat has a lease price of $42,128.25. A down payment

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Round final dollar answers to 2 decimal places. After taxes and applicable fees, a motor boat has a lease price of $42,128.25. A down payment of $4,200 is required and quarterly lease payments are $1,612.12. Referring to the "?"s in the table, and considering inflows and outflows of cash, enter the appropriate values in the blanks below each question. a. If interest charged is 3.19% compounded monthly, what is the residual value of the boat after the lease expires in 3 years? Mode = N= PV= FV= b. To pay off the residual value of the lease found in part (a), a 2 -year loan is obtained, charging 4.22% interest compounded annually. What is the size of the month-END payment required to pay off the loan in 2 years

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