Cindy Has Decided To Lease A Car. The Lease Includes A Money Factor Of 0.00354. What Interest Rate Is Cindy Being Charged In Her Lease?A.0.85%B.8.5%C.1.475%D.14.75%

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Cindy Has Decided To Lease A Car. The Lease Includes A Money Factor Of 0.00354. What Interest Rate Is Cindy Being Charged In Her Lease?A.0.85%B.8.5%C.1.475%D.14.75%. Cindy is being charged an interest rate of approximately 8.5% on her car lease. So, the interest rate cindy will be charged = 2400* 0.00354.

How to Calculate Car Lease Payment Downpayment Money Factor MSD
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The interest rate cindy is being charged in her lease is approximately 8.5%. What interest rate is cindy being charged in her lease? The interest rate cindy will be charged = 8.496% ≈8.5%.

It’s Important To Note That The Customer’s Credit Score.


The money factor to interest rate calculator is a helpful tool for anyone involved in leasing a car or understanding lease terms. To calculate the interest rate from the money factor, we use the following conversion: This is calculated by multiplying the given money factor of 0.00354 by 2400.

Therefore, The Interest Rate Cindy Will Be Charged.


😉 want a more accurate. The money factor is a way to. What interest rate is cindy being charged in her lease?

To Find The Interest Rate From The Money Factor, We Need To Multiply The Money Factor By.


This formula helps us determine the annual percentage rate (apr) being charged on the lease. Money factor can be converted to interest rate simply by multiplying by 2400. The lease includes a money factor of 0.00354.

Cindy Has Decided To Lease A Car.


To find the interest rate cindy is being charged in her car lease, we need to convert the money factor into an annual percentage rate (apr). The interest rate cindy will be charged = 8.496% ≈8.5%. Money factor = lease charge / (capitalized cost * residual value) * lease term.

By Converting The Money Factor Into A Clear And Understandable.


Cindy is being charged an interest rate of approximately 8.5% on her car lease. So, in our example here, a money factor of.00175 is equivalent to a 4.2% apr interest. To calculate the money factor, use this formula:

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