With a down payment of $4900, the monthly payment on a four-year lease of a Toyota, (cash price = $32,750) is $399. The interest rate on the lease is 4.9% compounded monthly. What residual value was used in the calculation?

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The Answer of With a down payment of $4900, the monthly payment on a four-year lease of a Toyota, (cash price = $32,750) is $399. The interest rate on the lease is 4.9% compounded monthly. What residual value was used in the calculation?

With a Down Payment of $4900, the Monthly Payment on a Four-Year