Henry is at the end of a three-year lease for his car. His leasing company says that his car is currently worth $12,780, a 72% residual value. Determine the original MSRP of Henry’s leased car.a.$9,201.60b.$5,633.80c.$17,750.00d.$45,642.86

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Leasing vs. Buying a Car

Henry is at the end of a three-year lease for his car. His leasing company says that his car is currently worth $12,780, a 72% residual value. Determine the original MSRP of Henry’s leased car.a.$9,201.60b.$5,633.80c.$17,750.00d.$45,642.86

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