Got new lease, residual value doesn't make sense. help please

Got New lease for 2023 Nissan Altima SR.
They quoted 250 per month, with 3000$ due at signing for 18 months on SV trim , but when I reached the dealer, they only had SR.
So, with some haggling and back and forth settled at following:
Sticker price : abt 33000$
Agreed price: 30995$
Down payment: 2500$, no payment for first month
monthly payment 230$.
Oil change, tire rotations included for lease term.
However, don’t understand the following:

  1. How is the residual at 29,242 $ which is the buyout price? at 88% residual value, wouldn’t it be 30995*88% = 27275$ if based on agreed price? if based on 32,147$, its still 28,289$. ?

  2. The lease page 3 says that I am responsible for minimum coverage of Bodily injury liability of 100,000 per person. With that, my insurance was coming very high, and I was thinking about not getting the lease, and the guy told I could just do 15000 for Bodily injury which i did for lower insurance. However, as per this contract page, am I an violation? like what happens in case we purchase lower coverage than mentioned in the contract? did the guy lie to me?

sxm

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