Solution-What would be ivana monthly car lease payment

What would be ivana monthly car lease payment

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Reference no: EM132348645

Ivana wants to lease a Subaru Crosstrek. Assume the listed price is $35,000. There are no provincial taxes in Alberta so she will only pay the Federal GST of 5%. Ivana can make a down payment of $2,000 and estimates that the value of the car after a 4-year term would be $17,000. The applicable rate would be 6%, compounded monthly. Lease payments are required at the beginning of the month, and the applicable taxes only apply to the monthly payment, not to the full value of the car. What would be Ivana's monthly car lease payment?

Reference no: EM132348645

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What would be ivana monthly car lease payment

Reference no: EM132348645

Reference no: EM132348645

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