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1st year:

15,000 - 0.1 x 15,000

= 15,000 - 1,500

= 13,500

2nd year:

13,500 - 0.2 x 13,500

= 13,500 - 2,700

= 10,800

Thus, the residue value of the car after it has been leased for two years is 10,800.

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