8,423.35
20520
7919.28
20520
8,423.35
First year: 48000*.8=38400 Next years:38400*.9^2=31104 $31104
13603.22
3357.80 (A+)
3616.40
1st year: 15,000 - 0.1 x 15,000 = 15,000 - 1,500 = 13,500 2nd year: 13,500 - 0.2 x 13,500 = 13,500 - 2,700 = 10,800 Thus, the residue value of the car after it has been leased for two years is 10,800.
7250x0.12=870 7250-870=6380. $6380
less than 50 percent.
In general, a new car depreciates by 15 percent the moment you drive it home from the dealership.