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03/25/21 8:23 PM nail Test: Midterm Spring 2021 T/TH Time Remaining: 01:16:48 Submit Test This Question: 1 pt 16 of 20 (0 complete) This Test: 20 pts possible of You are thinking about leasing a car. The purchase price of the car is $33,000. The residual value (the amount you could pay to keep the car at the end of the lease) is $15,000 at the end of 36 months. Assume the first lease payment is due one month after you get the car. The interest rate implicit in the lease is 5% APR, compounded monthly. What will be your lease payments for a 36-month lease? (Note: Be careful not to round any intermediate steps less than six decimal places.) Your monthly lease payments will be $ . (Round to the nearest cent.) 12 ing 11: eting 11:1 10:5 Enter your answer in the answer box 10:3 i Kabir ige 10:07 na