Answer :
The money factor for a lease with an interest rate of 9% is d. 21.60000.
The money factor is a decimal representation of the interest rate used in leasing calculations. It is typically provided by the leasing company and is a crucial component in determining the monthly lease payment. To convert the annual interest rate into a money factor, you divide the interest rate by 2400. In this case, the interest rate is 9%, so dividing it by 2400 gives us a money factor of 0.00375. However, none of the options provided match this value. The closest option is d. 21.60000, which seems to be an error. It is important to note that the money factor should be a decimal value, typically ranging from 0.001 to 0.004, rather than a large whole number like 21.60000.
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