Solved: Your car dealer is willing to lease you a new car for 199 a, Basic Statistics

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Your car dealer is willing to lease you a new car for 199 a

Your car dealer is willing to lease you a new car for $199 a month for 72 months. Payments are due on the first day of each month starting with the day you sign the lease contract. If your cost of money is 5.45 percent, what is the current value of the lease?

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Basic Statistics: Your car dealer is willing to lease you a new car for 199 a

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