Please answer the question with calculation processes. Thank you ! You receive a
ID: 2729852 • Letter: P
Question
Please answer the question with calculation processes. Thank you !
You receive a $35,000 car LEASE at 6% nominal annual for 60 months. Interest is compounded daily and you make monthly payments. Your Residual value at the end of your lease is 515,000. Assume LEASE payments are made at the beginning of the month, and LOAN payments are made at the end of the month. Answer the following questions: What is your monthly payment If you can invest your money at 12% annual compounded monthly, would you prefer leasing or purchasing this vehicle?Explanation / Answer
its incomplete question please come with complete question