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Using the following information, what is the cost to lease a car? (round to nearest dollar) Security deposit: $ 300 Monthly lease payment: $ 300
Using the following information, what is the cost to lease a car? (round to nearest dollar)
| Security deposit: | $ 300 | ||||
| Monthly lease payment: | $ 300 | /mo | |||
| Lease term: | 5 | years | |||
| Opportunity cost on security deposit: | 2% | ||||
| End of lease charges: | $ 500 | ||||
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Principles Of Finance With Excel
Authors: Simon Benninga
2nd Edition
0199755477, 9780199755479
