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GoodMad_ GoodMad_
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7 years ago
A "capitalized cost reduction" on an auto lease
A) is an advanced payment on the lease.
B) is positively related to your monthly payments. An increase in the capitalized cost reduction will increase the size of your monthly lease payments.
C) may be no more than three times your monthly lease payment
D) is equal to the difference between the actual resale value at the expiration of the lease and the estimated resale value.
Textbook 
Personal Finance: An Integrated Planning Approach

Personal Finance: An Integrated Planning Approach


Edition: 8th
Author:
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imoyseimoyse
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GoodMad_ Author
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#2
7 years ago
Another one bites the dust, as in, it's right Smiling Face with Open Mouth
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