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You are considering leasing a car that cost $34,000. The lease will be for 5 years and requires monthly payments. Somewhere on the lease paperwork
You are considering leasing a car that cost $34,000. The lease will be for 5 years and requires monthly payments. Somewhere on the lease paperwork you notice a statement to the affect that you will be charged an APR of 5.4000%. Assume the car will be worth $16,000 at the end of the lease. How much will your payments be? I know the answer is 413.13 but how do I get this?
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