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What will be the monthly payments on lease

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Reference no: EM132577856

Your aunt is planning to lease a luxury car and the dealer's sticker price is $80,000. The lease will be for 30 months only. At the end of 30 months, the car will be worth $45,000. If the implied money factor for this lease is 6% APR, what will be the monthly payments on this lease for 30 months?

a. $1,516.10
b. $1,484.26
c. $1,259.26
d. $1,394.05
e. None of the above

Reference no: EM132577856

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