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A marketing manager leases a car for 24 months after agreeing to a negotiated price of $44,250 and makes a down payment that is 20%
A marketing manager leases a car for 24 months after agreeing to a negotiated price of $44,250 and makes a down payment that is 20% of the negotiated price. Find the monthly lease payment (in dollars) if the money factor is 0.0022. Assume that the residual value is 54% of the MSRP of $48,900 and there is no trade-in. (Round your answer to the nearest cent.)
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