Ralph is leasing a $32,000 car for 36 months the term of his lease include a 8.5% interest rate and a residual value of 72% determine Ralph's approximate monthly lease payment

A.$145.00

B.$230.40

C.$248.89

D.$443.73

The correct option in here is 443.73. we know this by means of the following calculations in order to get this amount:

Net capitalized cost - Residual Value / Number of monthly payments.

Now the total lease payment will be = Depreciation fee + financing fee + Monthly sales tax.

In that way you get to 443.73