1. The problem gives the residual value in percentage, and you need it in dollars. So, if the MSRP for the car Jennifer is leasing is $ 17,500, you have:
57%/100=0.57
residual value=$17,500*0.57= $9,975
2. Then, you need to substract the residual value and the lease term, to calculate the value of the car, as below:
car value=$17,500-$9,975=$7,525
3. You need to calculate the money factor, which is the interest rate divided by 2400. Then, you have:
Interest rate=9%/100=0.09
Money factor=0.09x2400
Money factor=0.00375
4. The interest is:
I=($17,500+$9,975)(0.00375)
I=$103.03
5. Therefore, the monthly payment is:
Monthly payment=(car value/36 months)+Interest
Monthly payment=($7,525/36)+$103.03
Monthly payment=$209.02+$103.03
Monthly payment=$312.06
What will Jennifer’s monthly lease payment be?
The answer is: d. $312.06
Answer:
Easy number 1 is 456 because if you simplify the answer in the right form you will get 456 and then add 10 and 20 to get 632 and your welcome your on your own for the last ones
Step-by-step explanation:
Extend means to increase, add length to it, ADD.
2.826
+ 1.46
--------------
4.286
So you just plot the points on a graph and draw a line to connect them
Is the simple answer, making The cost divided by the minutes. The answer is 2.33 (repeating 3s)
