Determine the money factor for a lease with an interest rate of 9%

0.00375

Step-by-step explanation:

The money factor for a lease is used to determine how much is charged monthly on a lease payment. If the money factor is low, the lease payment is low making it a good transaction but if the money factor is high, the lease payment is also high and this is not desirable. The money factor is given by:

Money factor = Interest rate / 2400

Given an interest rate of 9%, the money factor is calculated as:

Money factor = Interest rate / 2400 = 9% / 2400 = 0.00375

answer: (c) m∠qpo + (2x + 16)° = 180°

step-by-step explanation:

the opposite angles of a quadrilateral are supplementary.

so, ∠o + ∠q = 180°   and   ∠p + ∠r = 180°

since ∠r = 2x + 16°, we can use substitution as follows:

∠p + ∠r = 180°

∠p + (2x + 16)° = 180°