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4. Use the TVM solver to determine the monthly payment of a lease of $21 568 if the interest rate is 4.8% compounded monthly
4. Use the TVM solver to determine the monthly payment of a lease of $21 568 if the interest rate is 4.8% compounded monthly for 48 months. (3 marks) 5. Over a five-year period, the maintenance on a car included two oil changes per year ($48 each), new brakes ($452), new tires ($678), and a new set of spark plugs ($145). What is the average yearly maintenance fee on the car for the five-year period? (4 marks) Monthly Payment Solver Present Value Future Value Annual Interest (%) Number of Years Monthly Payment PMT Clear
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