Answer:
The answer should be choice D.
HOPE THIS HELPS! :)
Remember that X will always be one up or down depending on if there is a - or not (if it is just an x) and one over! Hope this helps
Answer:
Step-by-step explanation:
A 36% discount means the selling price is (100-36)% = 64% of the original price.
$272 = 64% of x = 0.64·x
x = $272/0.64 = $425
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
Start: 8 a. m.
Finish: 1 : 30 p.m. = 13 hours 30 minutes
13 h 30 min - 8 h = 5 h 30 min
She should record 5 hours and 30 minutes on her time card for the day.
