With a down payment of $4850, the monthly payment on a four-year lease of a Ford F150

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With a down payment of $4850, the monthly payment on a four-year lease of a Ford F150 SuperCab (MSRP $27,629) is $369.27. The interest rate on the lease is 7.99% compounded monthly. What residual value was used in the calculation?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:57 AM

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With a down payment of $4850, the monthly payment on a four-year lease of a Ford F150

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With Down payment 1545 i 3912 0325 PMT 2...View the full answer

Business Mathematics In Canada

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