Question
You are going to lease a brand new car. The price of the car is $52,000. You intend to make a $3,000 down payment. The
You are going to lease a brand new car. The price of the car is $52,000. You intend to make a $3,000 down payment. The term of the lease is 48 months and the lease rate is 7.6% APR. The buyout for the lease is40% of its purchase price. What are the monthly lease payments aftertax? The tax rate is 11%.
Theafter-tax monthly lease payments are $
nothing
.
(Round to the nearest cent asneeded.)
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Quantitative Investment Analysis
Authors: Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, David E. Runkle
3rd edition
111910422X, 978-1119104544, 1119104548, 978-1119104223
