A car costing $50,000 is being leased with an 3-year lease with annual interest 4.8% compounded monthly. The down-paymen
Posted: Fri Jul 01, 2022 7:52 am
A car costing $50,000 is being leased with an 3-year lease with annual interest 4.8% compounded monthly. The down-payment is 10%. The car has a residual value of 50% of the original price of the car. What's the monthly lease payment?