10
QuizMultiple Choice

Leasing vs. Buying a Car

Question 10 • CARE_24_25_TX-Mathematical Models with Applications B

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.

Answer
A
$9,201.60
B
$5,633.80
C
$17,750.00
D
$45,642.86