Jennifer Is Leasing A Car From A Local Auto Retailer

Jennifer Is Leasing A Car From A Local Auto Retailer

Jennifer rented a car from a local dealership. Does the rental terms include interest rates ranging from 9% to 3%? 3

Jennifer rented a car from a local dealership. The lease term includes an interest rate of 9% for 36 months with an outstanding value of 57%. The manufacturer's recommended retail price for the car Jennifer is renting is $ 17,500. What is Jennifer's monthly rent?

A.

$ 93.84

B.

$ 99.75

Vs.

$ 209.03

D.

$ 312.06

Jennifer Is Leasing A Car From A Local Auto Retailer