Problemyour car dealer is willing to lease you a new car, Ask an Expert

Accounting

Problem:

Your car dealer is willing to lease you a new car for $289 a month for 72 months. Payments are due on the first day of each month starting with the day you sign the lease contract.

Required:

Question: If your cost of money is 4.9 percent, what is the current value of the lease?

Note: Provide support for your rationale.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91171878

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