Your car dealer is willing to lease you a new car for $299 a month for 60 months. Payments are due on the first day of each month starting with the day you sign the lease contract. If your cost of money is 4.9%,what is the current value of the lease?
A) $15,882.75
B) $15,906.14
C) $15,947.61
D) $16,235.42
E) $16,289.54
Correct Answer:
Verified
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