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. What is the amount of 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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