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The 3 6 - month lease of a Jaguar XF with MSRP of $ 6 6 , 4 0 0 requires a down payment of

The

36 -

month lease of a Jaguar XF with MSRP of $

66, 400

requires a down payment of $

4, 999

and has a residual value is $

35, 295 .

If the interest on the lease is

4.2 %

compounded monthly, what are the monthly lease payments? The payments are made at the begining of the month.What is I

/

?

What is C

/

?

What is P

/

?

What is PV

?

What is PMT

?

What is FV

?

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