Answer:
hope this helps 229 999 0523
117
/320 ≈ 0.366
Step-by-step explanation:
Step 1 of 1: Simplify.
Simplify
117 over 320
117
320
Step 1 of 1: Simplify, sub-step a: Reduce fraction to lowest terms.
Reduce fraction to lowest terms
1 is the greatest common divisor of 117 and 320. The result can't be further reduced.
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
We can cancel out the y^4 on the top and bottom of the fraction.
this gives us...
(x^3)/3
Basically it’s a proportionality...hope this helps :)
