A woman wants to lease rather than buy a car but does not want to make monthly

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A woman wants to lease rather than buy a car but does not want to make monthly payments. A dealer has the car she wants, which leases for $400 at the end of each month for 48 months. If money is worth 8%, compounded monthly.

What lump sum should she offer the dealer to keep the car for 48 months?

Related Book For answer-question

Corporate Finance and Investment decisions and strategies

ISBN: 978-1292064062

8th edition

Authors: Richard Pike, Bill Neale, Philip Linsley

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Posted Date: May 12, 2023 07:19 AM

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A woman wants to lease rather than buy a car but does not want to make monthly

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Corporate Finance and Investment decisions and strategies

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