Calculate the payments from the lessors point of view

Reference no: EM133430195

Question: A new car valued at $13,500 is to be leased for 3 years. The leasee has the option to purchase the car for $7,500 at the end of the leasing period. What monthly payments, with one payment in advance, are necessary to yield the lessor 14% annually? Calculate the payments from the lessor's point of view.

Reference no: EM133430195

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