Question

define residual value

Answer 1

Residual value is one of the constituents of a leasing calculus or operation. It describes the future value of a good in terms of absolute value in monetary terms and it is sometimes abbreviated into a percentage of the initial price when the item was new. Example: A car is sold at a list price of $20,000 today.

Answer 2

Answer:

Residual value is one of the constituents of a leasing leading calculus or operation.It describes the future value of a good in terms of absolute value in monetary terms.