Calculate the cash value financing interest rate , Cost Accounting

Calculate the today's cash value of a car that can be leased with $5000 down, bi-weekly payments of $199 over 4 years and a buy-back value of $15,000 at the end of the lease if the financing interest rate is 4.9% per year compounded daily. First bi-weekly payment is two weeks after the beginning of the lease.

Posted Date: 3/22/2013 4:09:55 AM | Location : United States

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