You are thinking about leasing a car. The purchase price of the car is $30,000. Instead of paying this amount today, you choose to lease the car and pay equal monthly payments for a period of 36 months. The residual value the amount you could pay to keep the car at the end of the lease, or the company would get if it were to sell the car to someone else) is $15,000 at the end of 36 months the car is leased to you. Assume the first lease payment is due one month after you get the car. The interest rate of the lease is 6% APR, compounded monthly. What will your lease payments be for a 36-month lease? ?a -% , (). 30,000 5. 36 . ( , ) 15,000 5 36 . . 6 % (APR) . 36 ? $952.21