The MSRP on a Nissan Maxima 3.5 SV is $38,625. The interest rate on a 48-month lease

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The MSRP on a Nissan Maxima 3.5 SV is $38,625. The interest rate on a 48-month lease is 1.9% compounded monthly. What is the monthly lease payment, assuming a down payment of $5400 and a residual value of $11,990?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:57 AM

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The MSRP on a Nissan Maxima 3.5 SV is $38,625. The interest rate on a 48-month lease

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With Purchase price 38625 Down payment 5400 ...View the full answer

Business Mathematics In Canada

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