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
Do it ur self etc so don't ask me
Answer:
We end up with our original number
Step-by-step explanation:
Let x be our number
We increase by 100
increase = old number * 100%
increase = x*1
increase = x
New number = old number + increase
= x+x
=2x
Now we decrease by 50%
decrease = number *50%
= 2x*.5
=x
Final number = new number - decrease
= 2x-x
=x
First we need to know what number 2*5*7 gives us. That's the same as 10*7=70. So the question is asking how many multiples of 70 are between 1 and 700. Let's list them:
70
140
210
280
350
420
490
560
630
700
So there are 10 integers from 1 to 700 that are divisible by 2, 5, and 7.
