Question

Marisa leases a car that has a purchase price of $61,500 with an MSRP of $64,950 and decides to lease the car for 36 months. Find the monthly lease payment (in

dollars) if the annual interest rate is 7.5%, the trade-in of her car was $25,000, she makes a $3,000 down payment, the residual value is 45% of the MSRP. Include a sales tax of 6.25%. (Round your answer to the nearest cent.) EB