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The lease price for a luxury vehicle is $76,844.99. If the monthly payment required is $1,032.45, what is the residual value of the lease
The lease price for a luxury vehicle is $76,844.99. If the monthly payment required is $1,032.45, what is the residual value of the lease after 48 months? Interest charged is 4.21% compounded monthly.
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To calculate the residual value of the lease after 48 months we can use the future ...
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
10th edition
133052311, 978-0133052312
