In the question "Calculate the monthly lease payment for a 36-month lease on a car with a $29,000 MSRP, a 79% residual value, and a money factor of 0.00365."
Rent Charge = (Net Capitalized Cost (MSRP) + Residual) × Money Factor = ($29,000 + 79% of $29,000) x 0.00365 = ($29,000 + 0.79 x $29,000) x 0.00365 = ($29,000 + $22,910) x 0.00365 = $51,910 x 0.00365 = $189.47
Therefore, The monthly lease payment for a 36-month lease on a car is $189.47
