Given below are lease terms at the local dealership. what is the total cash
due at signing?
terms:
• length of lease: 30 months
• msrp of the car: $15,500
• purchase value of the car after lease: $9900
• down payment: $2500
• monthly payment: $425
• security deposit: $375
acquisition fee: $500

explanation:

step-by-step explanation:

this is the formula: v = the value of investment at the end of the time period

p = the principal amount (the initial amount invested)

r = the annual interest rate

n = the annual frequency of compounding (how many times a year interest is added)

t = the number of years the money is invested

^ means raise to the power of