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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 (money factor of 0.00354) and a residual value of 72%. Determine Ralph’s approximate monthly lease payment.
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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 (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

User TheMaskedCucumber
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1 Answer

13 votes

Answer:

hey, the answer is D 443.73

Explanation:

User Baha
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