Muriel is considering leasing a car, and she is even thinking about buying it after the...

      

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Muriel is considering leasing a car, and she is even thinking about buying it after the lease is up. She's trying to make sense of the terms of the lease before she makes her decision, but she's having a little trouble figuring it all out. The terms of the lease are as follows. Terms: Length of lease: 32 months MSRP of the car: $26,260 Purchase value of the car after lease: $14,330 Down payment: $1270 Security deposit: $605 Acquisition fee: $765 Lease factor: 0.00073 Provide Muriel with some assistance by answering the following questions. 5 points: Part 1 - 1 point; Part II - 1 point; Part III - 1 point; Part IV - 1 point; Part V- 1 point) Part I: What is the amount of the cash due at signing? The amount of cash due based on the terms of the lease that Muriel will pay is $2640 because it's the security deposit + Acquisition fee + down payment $605 + $1270 + $765 =$2640. Muriel is considering leasing a car, and she is even thinking about buying it after the lease is up. She's trying to make sense of the terms of the lease before she makes her decision, but she's having a little trouble figuring it all out. The terms of the lease are as follows. Terms: Length of lease: 32 months MSRP of the car: $26,260 Purchase value of the car after lease: $14,330 Down payment: $1270 Security deposit: $605 Acquisition fee: $765 Lease factor: 0.00073 Provide Muriel with some assistance by answering the following questions. 5 points: Part 1 - 1 point; Part II - 1 point; Part III - 1 point; Part IV - 1 point; Part V- 1 point) Part I: What is the amount of the cash due at signing? The amount of cash due based on the terms of the lease that Muriel will pay is $2640 because it's the security deposit + Acquisition fee + down payment $605 + $1270 + $765 =$2640.

Answer rating: 100% (QA)

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