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
<span>The correct answer:
What you do is:
5+5+4+2 which gives you 16
And 12 that are not green,
So,
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<span>A toy has an equal chance of traveling down any production line. " makes no sense to me</span>
SinB = 8/16
sinB = 0.5
m<B = 30
answer is A. 30
The literal equation for x is g/4+5y
<h3>Subject of formula</h3>
This is a way of representing a variable in terms of another
Given the equation below;
g=4x+5xy
Factor out x to have
g=x(4 + 5y)
Divide both sides by 4 +5y to have:
g/4+5y = x
x = g/4+5y
Hence the literal equation for x is g/4+5y
Learn more on subject of formula here: brainly.com/question/21140562
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I think this is the answer good luck
