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Business, 17.12.2021 04:00 pr4ever

Ralph is leasing a $32,000 car for 36 months. The terms of his lease include an 8. 5% interest rate (money factor of 0. 00354) and a residual value of 72%. Determine Ralph’s approximate monthly lease payment. A. $145. 00 b. $230. 40 c. $248. 89 d. $443. 73.

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Ralph is leasing a $32,000 car for 36 months. The terms of his lease include an 8. 5% interest rate...
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