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Trevor signed a 4-year lease at 1.996 compounded monthly on a Honda Accord which has a selling price of $35,000. He is required to make
Trevor signed a 4-year lease at 1.996 compounded monthly on a Honda Accord which has a selling price of $35,000. He is required to make a $3,000 down payment now, and the residual value of the vehicle is $9.700. What is the amount of the monthly lease payments made at the beginning of each month? Round to the nearest cent Attach File
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