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GoodMad_ GoodMad_
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7 years ago
Car rental leases are either "open-end" or "closed-end." The basic difference between the two is that
A) with an open-end lease you may be liable for additional payments if the resale value of the auto is less than estimated in the lease agreement.
B) monthly payments are variable under the open-end lease, but fixed under the closed-end lease.
C) with a closed-end lease you may be liable for additional payments if the resale price of the auto is less than estimated in the lease agreement.
D) monthly payments are variable under the closed-end lease, but fixed under the open-end lease.
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Personal Finance: An Integrated Planning Approach

Personal Finance: An Integrated Planning Approach


Edition: 8th
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imoyseimoyse
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GoodMad_ Author
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7 years ago
I'll mark it solved, you deserve it
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