Jaquar advertises a 48 month lease for the E-Type with monthly payments of only $869.11. The price of the car is $61100. Jaquar Financial Services charges 4.40% (APR) on the lease. How much of the second payment repays principal? (Ignore taxes.) Round your answer to two decimal

Answer rating: 100% (QA)

Okay lets solve this stepbystep Car price 61100 Lease term 48 months Monthly payment 86911 Interest ... View the full answer