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Compute the interest paid on a 3-year lease for a $29,767 car if the annual rate...

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Finance

Compute the interest paid on a 3-year lease for a $29,767 car ifthe annual rate of depreciation is 19% and the lease's annualinterest rate is 3.6%.

Round your answer to the nearest dollar.

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Transcribed Image Text

Compute the interest paid on a 3-year lease for a $29,767 car ifthe annual rate of depreciation is 19% and the lease's annualinterest rate is 3.6%.Round your answer to the nearest dollar.

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