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Capricorn Inc. is in the process of negotiating a vehicle lease . The vehicle costs...

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Accounting

Capricorn Inc. is in the process of negotiating a vehicle lease . The vehicle costs 32,000 and the dealership offers Capricorn a 4 % interest rate compounded quarterly . Payments will also be made quarterly over 5 years . What is the quarterly lease payment

A.$ 1,797.02

B.$ 1,847.80

C.$ 1,773.29

D.$ 1,600.00

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