Question

Cindy would like to lease a car worth $56,000 for a three-year period. The leasing company fold Cindy that after three years, the

car would have a residual value of $40,320. How much of the car's original value will Cindy have to pay off during her three-year
lease?
a $1,389
b. $7,200
$15,680
d $40,320

Answer 1

B.7,200$ Because 56,000 - 40,320= 7,200