You are thinking about leasing a car The purchase price of the car is 526,000 The residual value the amount you could pay to keep the car at the end of the lease) is $15,000 at the end of 36 months Assume the first lease payment is due one month after you get the car The interest rate implicit in the lease is 6 APR, compounded monthly What will be your lease payments for a 36 month lease (Note Be careful not to round any intermediate steps less than six decimal places ) Your monthly lease payments will be $ (Round to the nearest cent )

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You are thinking about leasing a car  The purchase price of the car is 526,000  The residual value the amount you could pay to keep the car at the end of the lease) is $15,000 at the end of 36 months  Assume the first lease payment is due one month after you get the car  The interest rate implicit in the lease is 6  APR, compounded monthly  What will be your lease payments for a 36 month lease  (Note  Be careful not to round any intermediate steps less than six decimal places ) Your monthly lease payments will be $  (Round to the nearest cent )

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You are thinking about leasing a car. The purchase price of the car is 526,000. The residual

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Financial Accounting

You are thinking about leasing a car. The purchase price of the car is 526,000. The residual

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Financial Accounting

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