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25-01-2024
Business

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Your firm, New Sunrise, has just leased a $28,000 BMW for you. The lease requires 6 beginning of the year payments that will fully amortize the cost of the car. What is the amount of the payments if the interest rate is 12%?

a. $6,810.99
b. $7,766.99
c. $6,423.74
d. $6,081.25

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