Question: Just recently having accepted a full time position at your dream job, you go in search of a new car. You found one you like
Just recently having accepted a full time position at your dream job, you go in
search of a new car. You found one you like a lot and you consider a threeyear
lease. It will cost you $ per month, plus an additional $ at the end of
the lease if you want to purchase it If your opportunity cost of money is
about an APR of and you intend to purchase the car after the lease,
what will be the total investment you will have made in the car when the lease is
up and you purchase it
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