Question
You want to be a Lyft driver. You need to have access to a car. You go to the dealer and find that you can
You want to be a Lyft driver. You need to have access to a car. You go to the dealer and find that you can lease a 2023 Hornet for $751.65 per month for 5 years with no money down. The car is valued at $50,000. At the end of the lease, you can (and do) buy the car for $15,000. What is the effective APR on this scenario?
a.4%
b.8%
c.5%
d.9%
e.6%
f.7%
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The Analysis And Use Of Financial Statements
Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried
2nd Edition
0471111864, 978-0471111863
