Question
The $298 monthly payment on a 48-month lease of a Honda Accord was based on a down payment of $3797.29, an interest rate of 3.9%
The $298 monthly payment on a 48-month lease of a Honda Accord was based on a down payment of $3797.29, an interest rate of 3.9% compounded monthly, and a residual value of $12,720. What is the full price (MSRP) for the Honda Accord?
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Contemporary Financial Management
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
10th Edition
978-0324289114, 0324289111
