Mathematics, 04.09.2020 23:01, victoria02117

Ralph is leasing a $32,000 car for 36 months. The terms of his lease include an 8.5% interest rate (money factor of 0.00354) and a residual value of 72%. Determine Ralph's approximate monthly lease payment.
a. $145.00
b. $230.40
c. $248.89
d. $443.73

Answers: 1

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Ralph is leasing a $32,000 car for 36 months. The terms of his lease include an 8.5% interest rate (money factor of 0.00354) and a residual value of 72%. Determine Ralph's approximate monthly lease payment. a. $145.00 b. $230.40 c. $248.89 d. $443.73

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Other questions on the subject: Mathematics

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Ralph is leasing a $32,000 car for 36 months. The terms of his lease include an 8.5% interest rate (money factor of 0.00354) and a residual value of 72%. Determine Ralph's approximate monthly lease payment.
a. $145.00
b. $230.40
c. $248.89
d. $443.73