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CALCULATE AND SHOW WORK USING VALUES ENTERED INTO A FINANCIAL CALCULATOR

Ellen has decided to lease a car rather own it. The dealer says he can lease her a car today valued at $23,000 for a three-year period, requiring no upfront cash payment. The dealer says he’s using a 3.75% interest rate and a $13,000 residual value at the end of the lease. What’s her monthly payment?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92881278

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