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You are thinking about leasing a car. The purchase price of the car is $24,000. The residual value the amount you could pay to keep

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You are thinking about leasing a car. The purchase price of the car is $24,000. The residual value the amount you could pay to keep the car at the end of the lease) is $11.000 at the end of 48 months. Assume the first leste payment is due one month after you get the car. The interest rate implicit in the base is 10% APR. compounded monthly. What will be your lease payments for a 36-month lease? (Note: Be careful not to round any intermediate steps less than se decimal places) Answer: Your monthly lease payments will be $ (Round to the nearest cant) Question 4 2 pts Suppose that ABC Corporation issued a bond with 11 years until maturity, a face value of 51.000, and coupon rate of 6.7% (annual payments. The yield to maturity on this bond when it was issued was 8.0% What was the price of this bond when it was issued? Answer: the price of the bond was $ (Round to the nearest cent.)

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