SOLUTION: 21. You have decided to upgrade your mode of transportation by investing in a Lamborghini priced at $240,000. You are offered a 6-year car loan at 8%, or a 5-year lease at 7.6%.
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Question 729322: 21. You have decided to upgrade your mode of transportation by investing in a Lamborghini priced at $240,000. You are offered a 6-year car loan at 8%, or a 5-year lease at 7.6%.
(a) what would your monthly car payment be for the loan? (b) what would be your monthly lease payment?
Answer by lynnlo(4176) (Show Source): You can put this solution on YOUR website!
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