Given the lease terms below, what is the total price of this car if you buy it
after leasing,...
Mathematics, 13.01.2020 09:31 mari5512
Given the lease terms below, what is the total price of this car if you buy it
after leasing, and you do not get the security deposit back?
terms:
• length of lease: 18 months
• msrp of the car: $21,400
• purchase value of the car after lease: $17,100
• down payment: $1500
• monthly payment: $479
• security deposit: $350
• acquisition fee: $700
o
o
o
a. $21,100
b. $21,172
c. $28,272
d. $20,794
Answers: 3
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