Question 20 (1 point) Listen You have decided to lease a new car costing $26,600....
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Question 20 (1 point) Listen You have decided to lease a new car costing $26,600. The lease agreement calls for monthly payments of $385 (beginning of each month) for 4 years plus a residual payout at the end of the lease. A residual means a final payment still to be paid at the end of the lease term. Calculate the size of the residual payment. Use a rate of j12=3.6% Your
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