Multiple Choice
Your firm, New Sunrise, has just leased a $28,000 BMW for you. The lease requires six beginning of the year payments that will fully amortize the cost of the car. How much are the payments if the interest rate is 12 percent?
A) $6,810.99
B) $7,766.99
C) $6,423.74
D) $6,081.25
Correct Answer:
Verified
Correct Answer:
Verified
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