Question
You are offered a lease on a car, valued at $20,000 for 48 months, the car is rated at a residual value of $7,850. The
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You are offered a lease on a car, valued at $20,000 for 48 months, the car is rated at a residual value of $7,850. The interest rate is 2.250% APR.
What will be your monthly lease payment and the total cost to use the car for 48months.
$297, $21,400
$234, $9,670
$279.64,13422.83
$279.64, $12,150
You are offered a lease on a car, valued at $20,000 for 48 months, the car is rated at a residual value of $7,850. The interest rate is 2.250% APR.
What will be your monthly lease payment and the total cost to use the car for 48months.
| $297, $21,400 | ||
| $234, $9,670 | ||
| $279.64,13422.83 | ||
| $279.64, $12,150 |
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Corporate Finance Reader
Authors: Robert W. Kolb
2nd Edition
1878975536, 978-1878975539
