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Business, 18.03.2021 23:50 IsabellaGracie

You are thinking about leasing a car. The purchase price of the car is . The residual value​ (the amount you could pay to keep the car at the end of the​ lease) is at the end of months. Assume the first lease payment is due one month after you get the car. The interest rate implicit in the lease is ​APR, compounded monthly. What will be your lease payments for a ​-month ​lease? ​(Note: Be careful not to round any intermediate steps less than six decimal​ places.)

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You are thinking about leasing a car. The purchase price of the car is . The residual value​ (the am...
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