Use a calculator for this exercise.

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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