You want to take 3-year lease on a 26040 car whose residual


You want to take 3-year lease on a $26040 car whose residual value will be $19416. If the lease’s interest rate is 4.9% and you cannot afford to make monthly payments exceeding $151, what should your minimum down-payment be?

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Financial Management: You want to take 3-year lease on a 26040 car whose residual
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