Jennifer is thinking about leasing a sports car. She will make monthly payments based on a money factor and the price of the vehicle, which is called the

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The price that Jennifer will be making monthly payments on is the capitalized cost, which includes the price of the vehicle and any other fees or charges. The money factor is a multiplier that is used to calculate the finance charge, which is added to the monthly payments. The invoice price, sticker price, set price, and residual value are all factors that can impact the overall cost of the lease but are not directly used in calculating the monthly payments.

Jennifer Is Thinking About Leasing a Sports Car