Question

To calculate your monthly payment on a three year lease using the "residual value of a 26,500 MSRP car, subtract the 48% residual value from the MSRP and divide the result by the number of agreed upon monthsWhat is the approximate monthly payment on a three year lease agreement?

Answer 1

Answer:382.77

Step-by-step explanation:

Subtract 48% from $26,500, it'll give you $13,780, you then divide by 36 which is the number of months for the lease