Question
PLEASE DO IT YOURSELF DO NOT USE CHATGPT IT HAS THE WRONG ANSWER AND DO NOT COPY, DO YOUR OWN You are planning to lease
PLEASE DO IT YOURSELF DO NOT USE CHATGPT IT HAS THE WRONG ANSWER AND DO NOT COPY, DO YOUR OWN
You are planning to lease a new Audi for 3 years at the cash price of $38,000. The deal asks for $5000 down and offers 8% interest rate. Your monthly payments start now and the residual value of this car is $24,000 in 3 years. a. Your monthly lease payment should be______. b.If you want to have the option to pay bi-weekly, what is your bi-weekly payment?
c. What is the monthly payment if compounded monthly (answer is 439.09996) Please solve according to bring this answer
d. What is the monthly payment if compounded biweekly (answer is 203.02409) Please solve according to bring this answer
PLEASE DON'T COPY FROM ANY CHEGG QUESTIONS ALL ARE WRONG OR FROM CHATGPT I TRIED ALL ARE WRONG
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started