The value of K $=8.$ Do not use AI otherwise I will report

Using the formula discussed in class, find the monthly payment for the following lease. A car is listed at $$25,000$

and a $$(5,000+k100)$ down payment is made.

Interest on the lease payments is charged at $1\mathrm{.}8\%$ compounded monthly over $6$ years. Payments will commence one

month from today and the residual value is $$5,000.$