Question: Question 9 4 points Save Answer You end up leasing $16,704.7 after the down payment and taxes for 3 years. The interest rate is 1.55%

Question 9 4 points Save Answer You end up leasing $16,704.7

Question 9 4 points Save Answer You end up leasing $16,704.7 after the down payment and taxes for 3 years. The interest rate is 1.55% compounded monthly. (Interest rates are lower on leases as compared to financing) Calculate the monthly lease payment due at the beginning of the month. Round your answer to two decimal places. Do not enter the dollar sign. Sample input: 24562.23 (Hint: The down payment has already been taken off. So find the PMT value in the Simple Annuity Due formula using your leased amount. You can also use the TVM solver to find PMT.)

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