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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Home » Mathematics » 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