Business

Lilian Sanford

8 August, 20:51

Your car dealer is willing to lease you a new car for $409 a month for 48 months. Payments are due on the first day of each month starting with the day you sign the lease contract. If your cost of money is 5.1 percent, what is the current value of the lease?

+2

Answers (1)

Know the Answer?

Not Sure About the Answer?

Get an answer to your question ✅ “Your car dealer is willing to lease you a new car for $409 a month for 48 months. Payments are due on the first day of each month starting ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.

Search for Other Answers

You Might be Interested in

The city of Tustin, California, has spent $10 million on a project to build a new community college. It will cost the city $40 million to finish the project.

Mr. Coffey bought a house for $195,000. He made a 20% down payment. The interest rate is 5.25% for 30 years. Use the loan payment calculator to answer the following questions.

Which bond recommendation would be the MOST safe for an individual who seeks income that is free from federal income tax?

What would happen to the economy if the president disbanded the board

What market is used to offer new stock to the public for the first time?

New Questions in Business

On January 1, 20X8, Package Company acquired 80 percent of Stamp Company's common stock for $280,000 cash.

Tombert Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client's consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred.

Suppose that cookie producers create a positive externality equal to $2 per dozen. What is the relationship between the equilibrium quantity and the socially optimal quantity of cookies to be produced? a. They are equal. b.

Comfort Cloud manufactures seats for airplanes. The company has the capacity to produce 100,000 seats per year, but currently produces and sells 75,000 seats per year.

In 2016, teller company sold 3,000 units at $600 each. variable expenses were $420 per unit, and fixed expenses were $240,000. what was tellers 2016 net income?