Question 1 of 13 Jeremy leased a car for 4 years at a rate of 40.40%...

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Question 1 of 13 Jeremy leased a car for 4 years at a rate of 40.40% compounded monthly. It required him to make payments of

Answer 1

Answer #1

48 493 No. of Months 494 Annual Rental 495 Monthly rate 496 Amount required to purchase 497 Selling price of Car 660 3.37% 13

Formulas used:-

Selling price of car=-PV(D495,D493,D494,D496,1)

I Hope my efforts will be fruitful to you...?

Answer 2

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