Question

The residual value in a car lease agreement is what the leasing company believes the car will be worth at the end of your lease. It is what it will cost you to purchase the car when the lease expires. A typical residual value is 48% of the manufacturer's suggested retail price (MSRP). On a $22,000 MSRP, your residual value is:

Answer 1

Answer:

$10,560

Step-by-step explanation:

48% of $22,000 is $10,560