Bob is thinking about leasing a car with a MSRP of $24,000 for three years. After three years, the leasing com

Question

Bob is thinking about leasing a car with a MSRP of $24,000 for three years.  After three years, the leasing company expects the car to have a value of 72% of its original MSRP.  What will the residual value of the car be after three years?
a.
$3,000
b.
$6,000
c.
$17,280
d.
$33,333

GPT-5 mini · Answer

MSRP × 72% = 24,000 × 0.72 = 17,280.  
Answer: c. $17,280

Bob is thinking about leasing a car with a MSRP of $24,000 for three years. After three years, the leasing company expects the car to have a value of 72% of its original MSRP. What will the residual value of the car be after three years?
a.
$3,000
b.
$6,000
c.
$17,280
d.
$33,333

All Answers 1

Submit Your Answer

Bob is thinking about leasing a car with a MSRP of $24,000 for three years. After three years, the leasing company expects the car to have a value of 72% of its original MSRP. What will the residual value of the car be after three years? a. $3,000 b. $6,000 c. $17,280 d. $33,333

All Answers 1

Submit Your Answer

Bob is thinking about leasing a car with a MSRP of $24,000 for three years. After three years, the leasing company expects the car to have a value of 72% of its original MSRP. What will the residual value of the car be after three years?
a.
$3,000
b.
$6,000
c.
$17,280
d.
$33,333