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
Answer:
the table should be 25,98,173,248
Answer:
2x +2x=90
ZRQ
Step-by-step explanation:
FOR THE FIRST ONE, SUM OF ANGLES IN A TRIANGLE IS 180 AND SINCE WE KNOW ONE ANGLE IS 90° THE REST WOULD ADD UPTO 90°
THE SECOND ONE, JUST FOLLOW THE SEQUENCE OF THE MARKED LINES
for XYZ they went from the unlabeled line to the double marked line to the single marked line. similarly go for ZRQ
You have to reach a certain level
