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Question: A car rental agency which leases cars to another firm buy car for $9,000 and sells them for $6,000 two years later. It charges a monthly rate the second year of rental of 80 percent of that of the first year. the agency seeks 1 percent per month return. What are the monthly rates each year? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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