Assignment $2$

Name:

MATH$90$

Student #:

$5.$ Using the formula discussed in class, find the monthly payment for the following lease. A car is listed at $$25,000$ and a $$(5,200)$ down payment is made. $($For example, if $k=6,$ then your down payment is $$5,600.)$ Interest on the lease payments is charged at $1\mathrm{.}8\%$ compounded monthly over $6$ years. Payments will commence one