hamiltonzoe452 hamiltonzoe452

03-01-2023
Business

Answered

T. goho (lessee) wishes to lease a $25,000 car for 5 years. first union bank (lessor) has agreed to finance this lease and estimated the car will have a salvage value of $10,000 at the end of the lease. if first union expects to depreciate the car on a straight-line basis to a salvage value of $0, what monthly lease payments must t. goho make, given that first union requires a 12% annual rate of return (assume a monthly interest rate of 1%)? assume a marginal tax rate of 40% and payments at the beginning of each month.

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