ExamTopics Logo
Mail Us[email protected]
Menu
Aba Discussions
exam questions

Exam CRCM All Questions

View all questions & answers for the CRCM exam
Go to Exam

Exam CRCM topic 1 question 40 discussion

Actual exam question from ABA's CRCM
Question #: 40
Topic #: 1
[All CRCM Questions]

In a motor vehicle lease, a mathematical progression showing how the periodic payment is derived, containing the following information:

  • A. Gross capitalized cost (including the agreed-on value of the vehicle)
  • B. Rent charge (the difference between the total of base payment over the lease term minus the depreciation and any amortized amounts)
  • C. Itemization of other charges that are part of the periodic payment
  • D. All of the above
Show Suggested Answer Hide Answer
Suggested Answer: D 🗳️
by Cam22 at March 15, 2024, 1:04 a.m.

Comments

Chosen Answer:
This is a voting comment (?). It is better to Upvote an existing comment if you don't have anything to add.
Switch to a voting comment New
Submit Cancel
Cam22
4 months ago
In a motor vehicle lease, disclosing a mathematical progression that includes the gross capitalized cost, the rent charge, and an itemization of other charges that are part of the periodic payment is essential. This comprehensive approach ensures transparency and helps lessees understand how their periodic payments are derived, encompassing all elements from A, B, and C
upvoted 1 times
...
Community vote distribution
A (35%)
C (25%)
B (20%)
Other
Most Voted
A voting comment increases the vote count for the chosen answer by one.

Upvoting a comment with a selected answer will also increase the vote count towards that answer by one. So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.

SaveCancel
exam
Someone Bought Contributor Access for:
SY0-701
London, 1 minute ago