Ask your own question, for FREE!
History 15 Online
OpenStudy (anonymous):

Sam leases a car for 24 months. The car will cost him $7,000 if he decides to buy it at the end of the lease. What term describes the $7,000? A. interest B. residual value C. lease amount

OpenStudy (anonymous):

Umm. @soonerboy I think this is a math question. I think you would get more help if you post it in the math section. But if this is a history question please tell me if im wrong thanks. oh and by they way im pretty sure the anwser is C. becasue at the end of the lease date he/she would have to pay $7,000 which makes $7,000 the lease amount Hope this explans it well.

OpenStudy (anonymous):

It's neither, It's Financial Literacy, but I'm stuck on the same answer I was just looking

OpenStudy (anonymous):

the answer is b

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!