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11 November, 00:45

Victoria Santos recently leased a new convertible. The $1599 due at signing includes the title and license fee. Her monthly lease payments are $700 per month. The leasing company allows 12,000 miles per year with a $0.12 per mile overage charge. If the total lease cost is $18,400, for how many months does the lease last?

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  1. 11 November, 00:47
    0
    Let the number of months be x

    26800 = 1599. + 700x ... assuming no overmiles charge

    26800-1599 = 700x

    25202. / 700=x

    x = 36 months

    ...
  2. 11 November, 01:03
    0
    she would halve to make payment for around 26-27 months
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