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A customer at a Toyota dealership wants to buy a Toyota Tundra, which costs $45,000. The customer has $15,000 for a down payment and can pay $1500 per month on a 24 month lease. At what monthly interest rate will the customer’s payments ($15,000 down plus 24 monthly payments of $1500) cover the cost of the truck?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92653734

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