What would the sofa cost to buy based on the foregoing

Reference no: EM13260196

You lease a sofa for 4 years. APR is 11%. Annual payments starting up front at $180 (basically, $15 per month). There is a buyout option at the end of the lease for $600. What would the sofa cost to buy based on the foregoing?

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Reference no: EM13260196

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