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A new Jeep Renegade sells for $41,520 and has a residual value of $15,120 in 4 years.Interest is 1.20% compounded monthly.(Do not forget to include

A new Jeep Renegade sells for $41,520 and has a residual value of $15,120 in 4 years.Interest is 1.20% compounded monthly.(Do not forget to include 13% HST).

  1. What are the monthly finance payments for a 4 year term?
  2. What are the monthly lease payments for a 4 year term?

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