Question

Use a calculator for this exercise.
style=”color:rgb(0,0,0);”>Suppose you decide to obtain a four-year lease for a car and negotiate a selling price of $36,500. The trade-in value of your old car is $3450. If you make a down payment of $1700, the money factor is 0.0027, and the residual value is $15,000, find each of the following. (Round your answers to the nearest cent.)(a) The net capitalized cost$  
(b) The average monthly finance charge$  
(c) The average monthly depreciation$  
(d) The monthly lease payment$ 

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