Calculate her beginning of the month payment

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Question - Marge purchased a new vehicle for $50,000. She made a down payment of $3,000. Her lease is for 4 years, at an interest rate of 2.5% compounded monthly. The residual value of the vehicle is $8,000. Calculate her beginning of the month payment.

Reference no: EM133095625

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Calculate her beginning of the month payment : Marge purchased a new vehicle for $50,000. She made a down payment of $3,000. Calculate her beginning of the month payment
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