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You end up leasing $16,629.67 for 4 years. Your down payment was $1,223. The interest rate is 2.12% compounded monthly. The lease payment is monthly.
You end up leasing $16,629.67 for 4 years. Your down payment was $1,223. The interest rate is 2.12% compounded monthly. The lease payment is monthly. After 4 years, there is residual owing on a leased vehicle. You have the option of returning the vehicle after a lease term or buying it out. Assume you choose to purchase the vehicle after the four year lease and have saved for this opportunity. You pay the $10,631 residual plus tax at 1196. Assume you drove 62,388 km in the 4 years. What was the cost per km per year for the leased vehicle? Round your answer to two decimal places. Do not enter the dollar sign. Sample input: 4.12 Add an audio-narration to your solution for question #10. You can record a cell phone video and talk me through your hand-written solution. Upload your solution to YouTube (set the video to be unlisted) and paste the video link here. ABC TT T Arial 3 (12pt) T- You end up leasing $16,629.67 for 4 years. Your down payment was $1,223. The interest rate is 2.12% compounded monthly. The lease payment is monthly. After 4 years, there is residual owing on a leased vehicle. You have the option of returning the vehicle after a lease term or buying it out. Assume you choose to purchase the vehicle after the four year lease and have saved for this opportunity. You pay the $10,631 residual plus tax at 1196. Assume you drove 62,388 km in the 4 years. What was the cost per km per year for the leased vehicle? Round your answer to two decimal places. Do not enter the dollar sign. Sample input: 4.12 Add an audio-narration to your solution for question #10. You can record a cell phone video and talk me through your hand-written solution. Upload your solution to YouTube (set the video to be unlisted) and paste the video link here. ABC TT T Arial 3 (12pt) T
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