Question: Treadway is really having fun get-ting stuff cheap and wants to buyhis brother-in-law a car for com-pany sales that costs $22,765. Thelease would be for

Treadway is really having fun get-ting stuff cheap and wants to buyhis brother-in-law a car for com-pany sales that costs $22,765. Thelease would be for a standard 36months with a residual value of 50%cost ($11,382). If the interest rate is12% compounded monthly, what isthe monthly payment going to be?

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