Mathematics, 28.09.2020 09:01 iiisavageoreo
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
Please select the best answer from the choices provided
Answers: 1
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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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