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Suppose you want to become a Lyft driver and need to lease a car. You want a car valued at $ 2 2 , 0

Suppose you want to become a Lyft driver and need to lease a car. You want a car valued at $22,000. The dealer will let you drive away with no money down. You sign a 5 year lease with monthly payments. The imbedded discount rate on the lease is 6%. At the end of the fifth year, you would need to pay a residual value payment of $12,232.20 in order to take ownership of the car. What is the required monthly payment? Round to the nearest $ and use the $ symbol. Answer should look like $150

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