Your car dealer is willing to lease you a new car for $180 a month for 36 months. Payments are due on the first day of each month starting with the day you sign the lease contract. If your cost of money is 4.2 percent, what is the current value of the lease?

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Q: what will be your lease payments for a 36 month lease

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Q: How much would your monthly pretax lease paymentsbe?

A: Amount in $   Value of lease  25800   Residual value 18000   Time Period  36 months…