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Use a calculator for this exercise. Suppose you decide to obtain a four-year lease for a car and negotiate a selling price of $36,500 .
Use a calculator for this exercise.
Suppose you decide to obtain a four-year lease for a car and negotiate a selling price of$36,500. The trade-in value of your old car is$3450. If you make a down payment of$1700, the money factor is0.0027, and the residual value is$15,000, find each of the following. (Round your answers to the nearest cent.)
(a) The net capitalized cost
$
(b) The average monthly finance charge
$
(c) The average monthly depreciation
$
(d) The monthly lease payment
$
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