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## Ralph is leasing a $32,000 car for 36 months. The terms of his lease include an 8.5% interest rate (money factor of 0.00354) and a residual

Question

Ralph is leasing a $32,000 car for 36 months. The terms of his lease include an 8.5% interest rate (money factor of 0.00354) and a residual value of 72%. Determine Ralph’s approximate monthly lease payment. a. $145.00 b. $230.40 $248.89 d. $443.73 C.

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6 months
2021-08-04T11:38:58+00:00
2021-08-04T11:38:58+00:00 2 Answers
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## Answers ( )

Answer:d. $443.73

Step-by-step explanation:Answer:d. 443.73

Step-by-step explanation:i got it right on the test