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12 June, 16:52

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

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  1. 12 June, 17:04
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    The total cost of the lease would be $17,200. This is because $300 payment for 24 months is equal to $7,200 + $1,000 (down payment) and + the residual value of $9,000 = $17,200.
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