Felix wants to lease a car valued at 30000 the dealer says, Ask an Expert

Finance

Felix wants to lease a car valued at $30,000. The dealer says he can have it for three years by making monthly payments of $500, using an interest of 3.8%. What is the residual value the dealer is assuming for the car? [watch your signs!]

(using financial calculator values)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92881255

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