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Given the lease terms below, find the total lease cost, assuming that the deposit is nonrefundable.
Terms:
Length of lease: 36 months
MSRP of the car: $21,400
Purchase value of the car after lease: $17,100
Down payment: $1500
Monthly payment: $272
Security deposit: $350
Acquisition fee: $700

Respuesta :

MrEquation
Answer: The total cost of the lease is $12,342.

To find the total cost of the lease, we have to add up all the costs that you will be responsible for.

You will have to pay the down payment, the monthly payment, security deposit and the acquisition fee.

However, don't forget that you have to multiply the monthly payment by 36 months.

1500 + 36(272) + 350 + 700 =12342

littlexwing2005

Answer:

$12,342

Step-by-step explanation:

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