Need help figuring out how to solve these problems here. Stephanie is leasing...
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Need help figuring out how to solve these problems here.
Stephanie is leasing an automobile. It's a 4 year lease with a capitalized cost of $15,000, a money factor or 6%, and the estimated residual value of the automobile is $9,000, what is Stephanie's monthly payment on the lease? $134.98 $185.91 $352.28 $598.64 Question 11 (1 point) Saved The local car dealer is offering an incentive: $1,500 rebate OR 2% financing for 3 years. Your local credit union is offering 5% financing on 3 year loans. If the car costs $18,000 and you have $3,000 saved for a down payment, should you take the rebate or the promotional (296) financing? Take the rebate Take the promotional financing It depends on how much you can earn on the risk-free investment
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