Mathematics, 18.03.2021 03:40 christian2510

Terry Clayton has an open-ended lease for an SUV. The lease costs $421.38 for 48 months. He paid a $2,500 deposit, an $85 title fee, and a $235 license fee. At the end of the lease, he can buy the vehicle for its $15,644 residual value. What is the (a) total
amount of payments, and (b) total cost of the lease?

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Terry Clayton has an open-ended lease for an SUV. The lease costs $421.38 for 48 months. He paid a...