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Car for a series of equal-monthly payments

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Reference no: EM131550759

1) Create a amortized loan schedule in Excel where you lease the car for a series of equal, monthly payments. Price of car (79,045)

a. The term of the lease is 5 years.

b. Assume the car is worth 25% of its original value at the end of the life of the loan. The car is returned to the dealer at the conclusion of the lease.

c. Assume an interest rate of 4% APR.

Reference no: EM131550759

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