1. Compute the interest paid on a 3-year lease for a $28805 car if the annual rate of depreciation is 19% and the lease's annual interest rate is 3.8%.
2. Compute the monthly payments on a 2-year lease for a $27811 car if the annual rate of depreciation is 15% and the lease's annual interest rate is 3.2%.
3. Give examples in How to calculate payback period using cash flow diagram ?