The slope is 1. The picture will show you why.
Answer:
84
Step-by-step explanation:
4v^2 - m^2
let v=5 and m=-4
4 * (5)^2 - (-4)^2
4* (25) - (16)
100 - 16
84
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
Step-by-step explanation:
Let h be the number of hours.
Total Cost = Fixed Costs + Variable Cost
= Initial Fee + Hourly Charge
= 75 + 9h
Given,
Since the car cannot be rent part of an hour, the highest possible whole number is 19 hours.
