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3. Let's assume you've decided on 3-year (36 month term) lease of a Toyota Camry XLE that has a sticker price of $24,600 (MSRP). You've

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3. Let's assume you've decided on 3-year (36 month term) lease of a Toyota Camry XLE that has a sticker price of $24,600 (MSRP). You've managed to negotiate the price down to $23,000. You decide not to make a down payment, but you have a trade-in worth $5000. Now, the dealer tells you interest rate is 9% and the Residual Percentage is 60% of MSRP. What is the lease payment (not including sales tax)? 212.85

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