The monthly payment for a car lease is $300 for 24 months. The down payment is $1,000. The residual value is $9,000. What is the total cost of the lease?
A.) $17,200
B.) $40,700
C.) $8,200 this is out of the picture so its between A and B
Will fan and medal

Question

The monthly payment for a car lease is $300 for 24 months. The down payment is $1,000. The residual value is $9,000. What is the total cost of the lease?
A.) $17,200
B.) $40,700
C.)  $8,200 this is out of the picture so its between A and B
Will fan and medal

anonymous · Answer

if a car payment is $300, that total is $7200. Add on a down payment of $1000 to get $8200. The residual value adds on another $9000 to get a total of $17,200.

anonymous · Answer

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