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Your Car Dealer Is Willing to Lease You a New

Question 43

Multiple Choice

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:

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