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

The correct answer is D

Step-by-step explanation:

We are given that :

Leasing amount = $32,000 , time = 36 months , money factor = 0.00354 , residual value = 72%

Exact residual value = 72% of 32,000 = $23040

Step 1 : To calculate monthly depreciation by using the formula :

Step 2 : To calculate monthly financial charge by using the formula :

Step 3 : To calculate lease amount by using the formula :

So, the approximate lease payment is $443.73

the smallest possible measurement of the width is 14 feet

step-by-step explanation:

let's assume length of parallelogram is 'l'

width of parallelogram is 'w'

the perimeter of a parallelogram must be no less than 40 feet

so, we get

we are given

length of parallelogram is 6 feet

so,

l=6

we can plug it

now, we can solve for w

subtract both sides by 12

divide both sides by 2

and we get

so,

the smallest possible measurement of the width is 14 feet

the equation is not included but the answer is (1.50, 2.00, 2.75)

step-by-step explanation: