Question Help You are thinking about leasing a car. The purchase price of the car...
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Question Help You are thinking about leasing a car. The purchase price of the car is $33,000. The rich value the amount you could pay to keep the car at the end of the low) $15,000 at the end of 36 months. Assume the first loose payment is due one month after you get the car. The interest rate implicit in the home is 8 25%. APR. compounded monthly. What will be your lease payments for a 38-month lase? (Note: Be careful not to round any intermediate steps less than six decimal places) Your monthly lease payments will be $(Round to the nearest cont.)
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