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Suppose that you are at the end of your automobile lease. The leasing company has just informed you that the​ car's market value is greater than its residual value and they will be sending you a refund. What type of lease did you​ have?

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kaympoey08

Answer:

The answer is Open-end lease

Explanation:

In a Open-end lease agreement, At the end of the agreed upon lease period, the lessee must make a balloon payment that is the difference between the fair market value of the asset and the residual value of the vehicle.

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