Answer:
The blanks are 18 and 20
equivalent ratios
Step-by-step explanation:
About 43 roomsAbout 43 roomsvAbout 43 roomsAbout 43 roomsAbout 43 roomsAbout 43 roomsAbout 43 roomsAbout 43 roomsAbout 43 roomsAbout 43 roomsAbout 43 roomsAbout 43 rooms
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
Wouldn't it be that the other number is greater and so it would be x> 6 1/2 because it says that 6 1/2 is the lesser number so it can't be greater than and equal to so it has to just be greater than.
