Ford Oshawa sells Ford Fusion special edition for a price of $27 900. During a month long promotion, the manufacturer offers an interest rate of 1.8% compounded monthly on a 3-year lease. If the residual value is $14 500, what will be the lease payment at the start of each month with a $2500 down payment?
A) $403.82
B) $724.30
C) $350
D) $332.50
E) $311
Correct Answer:
Verified
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