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You have signed a lease to purchase agreement for a car. According to the lease contract, you will make an equal payment at the beginning
You have signed a lease to purchase agreement for a car. According to the lease contract, you will make an equal payment at the beginning of each month. The lease principal, at the beginning of the lease is $52,400. The duration of the lease is 8 years and the interest rate is 6% compounding monthly. How much ($) is your monthly payment? Select one: O a $696.17 O b. $685.19 O c. $679.25 O d. $688.61 O e. $692.22
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