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you are thinking about leasing a car the purchase price of the car is 26000. the residual value. the residual value ( the amount you

you are thinking about leasing a car the purchase price of the car is 26000. the residual value. the residual value ( the amount you could pay to keep the car at the end of the lease) os 13,000 at the end of 36 months. assume the first lease payment is due one month aftrr you get the car . the interest rate implicit in the lease 6% apr compounded monthly . what will be your lease payments for a 36 month lease

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