Mathematics, 09.03.2021 23:50 gselm

Ralph is leasing a $38,000 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. $445.00 B. $530.40 C. $648.89 D. $526.93

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Ralph is leasing a $38,000 car for 36 months. The terms of his lease include an 8.5% interest rate (...

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