Question: Question 18 [5 points] Orla is looking at leasing a car. Compute the residual value on the lease given the other information in the table

Question 18 [5 points] Orla is looking at leasing a car.

Question 18 [5 points] Orla is looking at leasing a car. Compute the residual value on the lease given the other information in the table below. For full marks your answer(s) should be rounded to the nearest cent. Note: The interest rate is the annual rate with monthly compounding. Purchase Price Down Monthly Interest Payment Payment Rate $5,000 $614.65 8.75% Term (months) Residual Value $32,400 24 0.00

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