Question: PLEASE DO IT YOURSELF DO NOT USE CHATGPT IT HAS THE WRONG ANSWER AND DO NOT COPY, DO YOUR OWN You are planning to lease

PLEASE DO IT YOURSELF DO NOT USE CHATGPT IT HAS THE WRONG ANSWER AND DO NOT COPY, DO YOUR OWN

You are planning to lease a new Audi for 3 years at the cash price of $38,000. The deal asks for $5000 down and offers 8% interest rate. Your monthly payments start now and the residual value of this car is $24,000 in 3 years. a. Your monthly lease payment should be

b.If you want to have the option to pay bi-weekly, what is your bi-weekly payment?

c. What is the monthly payment if compounded monthly

d. What is the monthly payment if compounded biweekly

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