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Cindy would like to lease a car worth $56,000 for a three-year period. The leasing company told Cindy that after three years, the car would have a residual value of $40,320. How much of the car’s original value will Cindy have to pay off during her three-year lease?
a. $1,389
b. $7,200
c. $15,680
d. $40,320

Respuesta :

Answer:

the answer is C. $15,680

Step-by-step explanation:

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samuelonum1

The amount in dollars of the original value of car Cindy will have to pay is given as   $15,680

Difference between two Numbers

Given Data

Original Value of car = $56,000

Time of lease = 3 years

Final Value of car after lease = $40,320

Let us find the difference in the value of car before leasing and after leasing

The value is

= $56,000 -  $40,320

=  $15,680

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