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OpenStudy (anonymous):
Tina made a down payment of $1,200 for her car lease. Her monthly payment amount is $200 for 36 months. What is the total cost of the lease, if the residual value is $8,500? A. $14,500 B. $15,700 C. $16,900
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OpenStudy (anonymous):
Total cost = down payment + monthly installments + residual amount = 1200 + (200 * 36) + 8500 = 16 900.
OpenStudy (anonymous):
thanks
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