What is the current value of the lease

Reference no: EM13303084

Your car dealer is willing to lease you a new car for $245 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 6.5 percent, what is the current value of the lease?

Reference no: EM13303084

Questions Cloud

What was the temperature change for this gas : One thousand kilocalories of heat are added to three moles of a monatomic ideal gas as it expands, What was the temperature change for this gas

What is the difference between parole and probation : What is the difference between Parole and Probation? Define Determinate Sentencing. Define Incapacitation

How much of the second payment applies to principal balance : How much of the second payment applies to the principal balance? (Assume that each month is equal to 1/12 of a year.)

What would be the vapor pressure for this fluid : Given an ordinary cylindrical glass with a volume of one half liter and filled completely to the top with water at room temperature (20C), What would be the vapor pressure for this fluid

What is the current value of the lease : 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 6.5 percent, what is the current value of the lease?

Determine the new image distance : An object is initially placed on the optical axis 21.2 cm to the left of a convex lens that has a focal length of 13.7 cm. what is the new image distance

Find how far from the film should the lens be placed : A camera has a lens with a focal length of 25.6 cm. how far from the film should the lens be placed

Police-combined with the professionalism movement : In the 1950s and 1960s, the increased use of patrol cars by the police, combined with the professionalism movement, caused a great disconnect between the police and their constituents. It was thought, in order to decrease potential conflicts of inter..

Find the speed of the command module relative to earth : A space vehicle is traveling at 3760 km/h relative to Earth when the exhausted rocket motor is disengaged, What is the speed (in km/h) of the command module relative to Earth just after the separation

User Account

All Pages