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The price of a washer and dryer set is $3,015.60. You decide to take the lease-to-own deal offered by the manufacturer through the appliance store.
The price of a washer and dryer set is $3,015.60. You decide to take the lease-to-own deal offered by the manufacturer through the appliance store. You must make beginning-of-month payments of $30.50 and one final lump-sum payment at the very end of the term in order to pay off the balance outstanding. The manutacturer offers a 60-month term at a rate of 5.8% APR. What is the buyout at the end of the term? The buyout at the end of the term is $ (Round to the nearest cent as needed.)
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