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4. To lease a new car worth $19995, a customer agrees to pay a $3000 down payment and 48 monthly payments of $295. a) Calculate the total cost of leasing the vehicle. b) Calculate the average cost per month over the life of the lease.

4. To lease a new car worth $19995, a customer agrees to pay a $3000 down payment and 48 monthly payments of $295. a) Calculate the total cost of leasing the vehicle. b) Calculate the average cost per month over the life of the lease.

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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4. To lease a new car worth $19995, a customer agrees to pay a $3000 down payment and 48 monthly payments of $295. a) Calculate the total cost of leasing the vehicle. b) Calculate the average cost per month over the life of the lease.
Transcribed Image Text:4. To lease a new car worth $19995, a customer agrees to pay a $3000 down payment and 48 monthly payments of $295. a) Calculate the total cost of leasing the vehicle. b) Calculate the average cost per month over the life of the lease.
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