Compute the interest paid on a 3-year lease for a $29,321 car if the annual rate of depreciation is 13% and the lease's annual interest rate is 4.1%. Round your answer to the nearest dollar.
Mortgages
A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.
Mortgage
The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.
Compute the interest paid on a 3-year lease for a $29,321 car if the annual rate of
Round your answer to the nearest dollar.
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