Question

The monthly payment for a car lease is $530 for 18 months. The down payment is $2,000. The residual value is $7,000. What is the total cost of the lease?

Answer 1

Add them all up
530 + 2000 + 7000

Answer 2

so it should be 9,530???

Answer 3

yep

Answer 4

Theres a problem. in this homework there is multipul choice and neither A B or C = 9,530

Answer 5

A: 18, 540
B: 20,540
C: 25,540

Answer 6

oh sorry i saw my mistake.
"The monthly payment for a car lease is $530 for 18 months" means 530 * 18

530 * 18 + 2000 + 7000

Answer 7

Okay so I got A

Answer 8

yup

Answer 9

Thankyou

Answer 10

you re welcome