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You are thinking about leasing a car. The purchase price of the car is $34,000. The residual value (the amount you could pay to keep

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You are thinking about leasing a car. The purchase price of the car is $34,000. 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 3 months Assume the first lease payment is due one month after you get the car. The interest rate implicit in the lease is 5.75% APR compounded monthly. What will be your lease payments for a 35-month lease? Note: Be careful not to round any intermediate stops less than six decimal places) Your monthly lease payments will be $(Round to the nearest cont.) You are thinking about leasing a car. The purchase price of the car is $34.000. 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 tease payment is due one month after you get the car. The interest rate implicit in the case is 5.75 APR compounded monthly. What will be your lease payments for a 36 month tease? (Note: Be careful not to round any intermediate sepsless than six decimal places) Your monthly fease payments will be (Round to the nearest cent) Question Viewer

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