Your car dealer is willing to lease you a new car for 419 a, Financial Accounting

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Your car dealer is willing to lease you a new car for 419 a

Your car dealer is willing to lease you a new car for $419 a month for 60 months. Payments are due each month, starting with the day you sign the lease contract. If the interest rate is 5.2 percent annually with monthly compounding, what is the present value of the lease?

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Financial Accounting: Your car dealer is willing to lease you a new car for 419 a

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Financial Accounting: Your car dealer is willing to lease you a new car for 419 a

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