Question
You plan to lease a Ford automobile that sells for $22,657 and has no salvage value. If the monthly lease is $499, with the first
You plan to lease a Ford automobile that sells for $22,657 and has no salvage value. If the monthly lease is $499, with the first of 60 payments due immediately. What is the implied annual interest rate on your lease? a. 10% b. 11.5% c. 12% d. 13.5%
***What like to understand the formula using a HP12c calculator***
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FINA 6201 Financial Theory And Policy Emery Trahan
Authors: Emery Trahan
1st Edition
1609270754
