rowanjirorichards
Answered

Bob is thinking about leasing a car with a MSRP of $24,000 for three years. After three years, the leasing company expects the car to have a value of 72% of its original MSRP. What will the residual value of the car be after three years?
a.
$3,000
b.
$6,000
c.
$17,280
d.
$33,333

Answer :

JJGamesWithBros

Answer:C. 17,280

Step-by-step explanation:It this way because it cant be 3k obv or 6k. And it says 72% down not up so not d either :D

okpalawalter8

he residual value of the car be after three year is mathematically given as

R=17280

Option C

Residual value of the car

Question Parameters:

A car with a MSRP of $24,000 for three years.

After three years, the leasing company expects the car to have a value of 72%

Generally the equation for the  residual value  is mathematically given as

R=percentage of drop *original price

R=0.72*24000

R=17280

Therefore, the residual value of the car be after three years is R=17280

Option C

For more information on Arithmetic

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