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?
Select one of the options below as your answer:

A.
$18,540
B.
$20,540
C.
$25,540

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?
Select one of the options below as your answer:

    A.
    $18,540
    B.
    $20,540
    C.
    $25,540

anonymous · Answer

530 * 18 = 9540
9540 + 2000 = 11540
11540 + 7000 = 18540

anonymous · Answer

A is the answer