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60. Calculating Annuity Values (L01) After deciding to buy a new Me Class sedan, you can either lease the car or purchase it
$99 today and $499 per month for the next three years. If you purchase the car, you will pay it off in monthly payments over

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Answer The car purchase it on a three-year down by 35.00 The interest rate for learning and purchase option is. 6% The presen23.000 1.19668 319.219.84 . The value of purches = 19 219.84 Prest value of purchase cost of car- Present value of reside ValPeric - Currend payment + Hlit Interat rate) Intered rate > 99+ 494 X - 1 +0.06 - O. NO 3) 99+ luaax 1.005 0.005 . : 99 + $ 1Break even pre 5) Law of Cola prestvalde ) (iz zated gode ) Period 5 coz of cost = 35.000 & Prest value of leave = 16,501.64

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