Question
You plan to lease a sports car 4 months from now. You will make monthly lease payments in months 4 to 60. Each lease payment
You plan to lease a sports car 4 months from now. You will make monthly lease payments in months 4 to 60.
Each lease payment is equal to $5,000 per month.
How much would you have to invest today to exactly fund this lease if your investments earn 3.00% APR (compounded monthly)?
Group of answer choices
$239,397
$265,316
$289,670
$263,336
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Financial statements
Authors: Stephen Barrad
5th Edition
978-007802531, 9780324186383, 032418638X
