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18iq 18iq
wrote...
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Posts: 157
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A year ago
Ms. Daisy is deciding between buying a car or leasing it. The capitalized cost of the car is $30,000. The car dealer is offering lease terms of 36 months with a quoted APR of 3.5%. The estimated residual value of the car in 36 months is $10,000. What is the money factor on this car lease?


▸

0.00125



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0.00133



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0.00146



▸

0.00157

Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
Authors:
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babolat00babolat00
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#1
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A year ago
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18iq Author
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A year ago
Just got PERFECT on my quiz
annielin111
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Yesterday
You make an excellent tutor!
jayfo05
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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