which strategy for merging two distinct cultures is most effective when the two companies have relatively weak cultureswith over
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The lease fee is equal to the monthly rent, which is formally dictated underneath an agreement between two parties, granting one party the lawful liberty to utilize the other person's real estate belongings and other fixed assets, for a limited period.
The approximate monthly lease payment is $348. 38.
<h3>How to calculate the monthly payment?</h3>Given,
- Residual percentage = 71 %
- Interest rate = 7.5 %
- Lease amount for the car = $26,000
- Number of months = 36
First calculate the residual value as:
Residual value = 71 % of the lease amount ($26,000)
Calculate the money factor as:
- <u>Step 1</u>: Calculate the monthly depreciation as:
- <u>Step 2</u>: Calculate the monthly financial charge as:
- <u>Step 3</u>: Calculate the lease amount as:
Therefore, <u>option d.</u> $348. 38 is correct.
Learn more about the lease amount here: