Your car dealer is willing to lease you a new car for 399 a, Financial Management

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Your car dealer is willing to lease you a new car for 399 a

Your car dealer is willing to lease you a new car for $399 a month for 60 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 5.0 percent, what is the current value of the lease?

$21,146.91

$22,260.32

$21,205.39

$21,231.39

$22,325.32

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Financial Management: Your car dealer is willing to lease you a new car for 399 a

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Financial Management: Your car dealer is willing to lease you a new car for 399 a

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