10) With a down payment of $5,000, the payment on a five-year lease of a vehicle with a MSRP of $55,000 is $691.99 due at the beginning of every month. If the interest rate on the lease is 3.99% compounded monthly, what is the residual value of the vehicle at the end of the lease. Round your final answer to the nearest dollar.
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- Compute the monthly payments on a 2-year lease for a $26,532 car if the annual rate of depreciation is 18% and the lease's annual interest rate is 4%. Round your answer to the nearest dollar.i will 10 upvotes urgent. Find the monthly payments on a 3-year lease for a $27,051 car if the car depreciates at an annual rate of 11% and the lease has an annual interest rate of 4.1%. Round your answer to the nearest dollar.You have just leased a car. The lease is for three years with monthly payments due at the beginning of the month. The APR on the lease is 6%. If the present value of the lease is $12,000, what is the monthly payment on the lease? Please round your answer to four decimal places.
- Compute the interest paid on a 4-year lease for a $25,894 car if the annual rate of depreciation is 17% and the lease's annual interest rate is 3%. Round your answer to the nearest dollar.A vehicle can be purchased by paying $18,000 now, or it can be leased by paying $515 per month for the next three years, with the first payment due on the day of signing the lease. What nominal annual rate of interest compounded monthly is charged on the lease?Find the interest paid on a 3-year lease for a $28,867 car if the car depreciates at an annual rate of 11% and the lease has an annual interest rate of 4.8% Round your answer to the nearest dollar.
- Compute the monthly payments on a 3-year lease for a $29,128 car if the annual rate of depreciation is 19% and the lease's annual interest rate is 3.8%. Round your answer to the nearest dollar. Compute the interest paid on a 2-year lease for a $29,372 car if the annual rate of depreciation is 12% and the lease's annual interest rate is 4.9%. Round your answer to the nearest dollar.You are interested in leasing a car for $425 per month, due at the beginning of each month. Using an interest rate of 4% annually, what is the present worth of a one-year lease for this car?A car dealer is willing to lease you a car for $319 a month for 60 months. Payments are due on the first day of each month starting with the day you sign the lease contract. If your cost of money is 4.9 percent, compounded monthly, what is the current value of the lease?
- You are leasing some furniture for your apartment. The monthly lease is for $395/month, payable at the beginning of the month. If your personal cost of capital is a 3% nominal annual rate, what is the present value of a one-year lease?Imagine you leased a piece of equipment for three years. The lease required payments of $10,000 per year, due at the end of each year. Calculate the present value of each payment if the interest rate is 10%. Complete the following table: Present Value of Payment Payment $10,000 $10,000 $10,000 Year Year 1 (end of this year) Year 2 (end of next year) Year 3 (end of the following year) What is the total present value of all three payments?What is the book value (present value) of a lease requiring payments of $1000 at the beginning of each month for five years if the lessee's cost of borrowing is 10% compounded semiannually? Please answer fast i give you upvote.