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Use a calculator for this exercise. Suppose you decide to obtain a four-year lease for a...

Use a calculator for this exercise. Suppose you decide to obtain a four-year lease for a car and negotiate a selling price of $25,500. The trade-in value of your old car is $3650. If you make a down payment of $2300, the money factor is 0.0022, and the residual value is $15,000, find each of the following. (Round your answers to the nearest cent.)

(a) The net capitalized cost $_____

(b) The average monthly finance charge $_________

(c) The average monthly depreciation $___________

(d) The monthly lease payment $_________

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Answer #1

Ans- GNen PensDn decrde d o that Consid an the Can an lease obtain 2 51Go0 porice of ol iate n C fees cense ae value 15 365O-19550 5000 3u 5 A o00 22 Monthly depre catron capit esibed co 15 e st dua vulu e net tent the eas t n HOnth 19550- 5000 tecse

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