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    Exam 5: Making Automobile and Housing Decisions
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    A Money Factor of 0
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A Money Factor of 0

Question 130

Question 130

Multiple Choice

A money factor of 0.00280 on a lease is equivalent to an annual percentage rate of


A) 2.80.
B) 3.60.
C) 6.72.
D) 8.64.
E) 10.80.

Correct Answer:

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