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You end up leasing 515854.81 for 3 years. Your down payment was $1037. The interest rate is 1.43% compounded monthly. The lease payment is monthly

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You end up leasing 515854.81 for 3 years. Your down payment was $1037. The interest rate is 1.43% compounded monthly. The lease payment is monthly and due at the beginning of the month After 3 years, there is residual owing on a leased vehicle You have the option of returning the vehicle after a lease term or buying rout. Assume you choose to purchase the vehidle after the lease and have Saved for this opportunity. You pay the 513700 residual plus tax at 13 Assume you drove 53398 km in the 3 years. What was the cost per km per year for the leased vehicle? Round your answer to two decimal places. Do not enter the dollar sign Sample input 4.12 (Hint: The down payment has already been taken off. So find the PMT value in the Simple Annuity Due formule using your leased amount you can also use the TV ser to find PHT Then fied the walue of these monthly bavments over the length of the leasele, take your PMT and multiply by the total number of payments vow more. Add the total value of your lease on your down payment and the residual value with to get the total value of the lease take this forure and divide it by the length of your lease in years. This will tell you how expensive is to drive the car for one year. Then And how many you live in a year Divide these no figures, and you can find the cost to drive per kilometer - it will probably shock you

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