Which lease do you prefer

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Reference no: EM131233874

Use a spreadsheet to answer the following question: Car dealer A offers a car for $2,200 up front (first payment), followed by $200 lease payments over the next 23 months.

Car dealer B offers the same lease at a flat $300 per month (i.e., your first upfront payment is $300). Which lease do you prefer if the interest rate is 0.5% per month?

Reference no: EM131233874

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