QUESTION IMAGE
Question
fill in the blank. the estimated resale value of a car at the end of its lease is called the car’s ______. the estimated resale value of a car at the end of its lease is called the car’s
Brief Explanations
In the context of car leasing and finance, the estimated resale value of a car at the end of its lease term is a key concept known as the residual value. This term is used in financial and business (specifically in finance/leasing aspects) contexts to denote the projected value of the asset (the car) after the lease period.
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residual value