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OpenStudy (anonymous):
You lease a car valued at $23,495.00 for 3 years at $429.95/month with a $500.00 down payment. If interest is 30% of the payments, how much interest is paid over the 3 years? a. $7,048.50 b. $4,643.46 c. $6,898.50 d. $4,793.46 Using the information above, what is the remaining balance when the lease ends? a. $7,516.80 b. $15,946.50 c. $12,160.26 d. $12,660.26
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