Diana secured a 3-year car lease at 6.20% compounded annually that required him to make payments of

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Diana secured a 3-year car lease at 6.20% compounded annually that required him to make payments of $888.81 at the beginning of each month. Calculate the cost of the car if he made a downpayment of $1,500.

Round to the nearest cent

Related Book For answer-question

Spreadsheet Modeling & Decision Analysis A Practical Introduction to Management Science

ISBN: 978-0324656633

5th edition

Authors: Cliff T. Ragsdale

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Posted Date: May 22, 2023 08:18 AM

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Diana secured a 3-year car lease at 6.20% compounded annually that required him to make payments of

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To calculate the cost of the car we need to determine the present value of the leas... View the full answer

Spreadsheet Modeling & Decision Analysis A Practical Introduction to Management Science

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