select the correct answer. at the end of the car lease, you pay a certain amount if you decide to buy the…

select the correct answer. at the end of the car lease, you pay a certain amount if you decide to buy the car. what is this amount called? a. interest b. lease amount c. residual value

select the correct answer. at the end of the car lease, you pay a certain amount if you decide to buy the car. what is this amount called? a. interest b. lease amount c. residual value

Answer

Brief Explanations:

In car - leasing, the amount paid to buy the car at the end of the lease is the residual value. Interest is the cost of borrowing money, and the lease amount is the regular payment during the lease period.

Answer:

C. residual value