Determine the money factor for a lease with an interest rate of 9%.
a. 0.00375
b. 0.03750
c. 2.16000
d. 21.6

a. 0.00375

Step-by-step explanation:

Lease is the number of months anybody will be leasing.

Money factor is the finance charge that are commonly expressed as a decimal or fraction.

To calculate the money factor we need to divide the interest rate by 2400.

Therefore, if interest rate = 9%

then, the money factor =

Hence, the money factor for a lease with an interest rate of 9%. = 0.00375

dd

step-by-step explanation:

dd

the formula of a slope:

from a table we have

substitute:

the slope of f(x) is -1.

the graph of funcfion g(x) is a horizontal line. the slope of a horizontal line is equal 0. therefore the slope of g(x) is 0.

-1 < 0