At what monthly interest rate will the customers payments


A customer at a Toyota dealership wants to buy a Toyota Tundra, which costs $45,000. The customer has $15,000 for a down payment and can pay $1500 per month on a 24 month lease. At what monthly interest rate will the customer’s payments ($15,000 down plus 24 monthly payments of $1500) cover the cost of the truck?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: At what monthly interest rate will the customers payments
Reference No:- TGS02620878

Expected delivery within 24 Hours