Business, 02.06.2021 19:30 autumnstalvey67
1. Jill is leasing a $32,000 car for $599/month for three years. In three years, she expects to buy it
outright for $16,000 at the same time she makes her last lease payment. If it costs her 5.5% to
borrow, what is the implicit rate in the lease? Should she lease or borrow the money to get the
car? (Hint: use the IRR function).
Answers: 1
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1. Jill is leasing a $32,000 car for $599/month for three years. In three years, she expects to buy...
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