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Science-Related Homework Help Mathematics Topic started by: javielito2000 on Jun 12, 2023



Title: Stamford Leasing invested $62,545 in an automobile that they will lease to a customer who will make ...
Post by: javielito2000 on Jun 12, 2023
Stamford Leasing invested $62,545 in an automobile that they will lease to a customer who will make a monthly lease payment for 72 months. The first payment is made on the day the lease is signed. What monthly payments does Stamford have to charge in order to recover their investment and earn a return of 11.4% compounded monthly?

▸ $557

▸ $926

▸ $1,058

▸ $1,192

▸ $1,463


Title: Re: Stamford Leasing invested $62,545 in an automobile that they will lease to a customer who will make ...
Post by: daddyb1 on Jun 12, 2023
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