The residual value is 15000 the financing rate is 8 monthly
You are leasing a car for 48 months. You put down $2000 now and agree to $500 monthly payments. The residual value is $15,000. The financing rate is 8% (monthly compounded). How much is the car worth?
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you are leasing a car for 48 months you put down 2000 now and agree to 500 monthly payments the residual value is 15000
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