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FINAL ANSWER NEEDED ASAP A car mav be leased for 5 vears from a dealer with $400 monthly lease pavments to be paid at the

image text in transcribedFINAL ANSWER NEEDED ASAP

A car mav be leased for 5 vears from a dealer with $400 monthly lease pavments to be paid at the beginning of each month. At the end of the lease, the car has a residual value of $18,000. If the dealer is charging interest at 1.9% compounded monthly, what is the implied cash price of the vehicle. Assume no down payment is made

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