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Question: quotyou receive a 20000 car lease at 48 nominal annual...

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You receive a $20,000 car LEASE at 4.8% nominal annual interest for 59 months. Interest is compounded daily and you make monthly payments. Your RESIDUAL value at the end of your lease is $6,800. Assume LEASE payments are made at the BEGINNING of the month, with the first payment due immediately. What is your monthly LEASE payment? O/o

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