Brenda will lease a $25,000 car at 3.9% compounded monthly with monthly payments of $473.15...

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Accounting

Brenda will lease a $25,000 car at 3.9% compounded monthly with monthly payments of $473.15 starting immediately. After three years she will still owe $10,000 on the vehicle.
Is this ordinary annuity?
True
False

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