Answered

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4. In leasing, the Gross Capitalized Cost is similar to which of these retail financing terms?

A. Principal loan amount
B. Interest rate
C. Monthly payment
D. Down payment

Sagot :

GinnyAnswer

Final answer:

The Gross Capitalized Cost in leasing is akin to the Principal in retail financing.


Explanation:

Gross Capitalized Cost in leasing is similar to the term Principal in retail financing. Just like in leasing where the Gross Capitalized Cost represents the total cost of leasing a vehicle before any deductions, the Principal in retail financing refers to the initial amount borrowed before interest.


Learn more about Leasing and Retail Financing here:

https://brainly.com/question/33798051


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