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lorasvet [3.4K]
3 years ago
11

Find the total cost of a 36 month car lease, if: monthly payment = $175 down payment = $1,500 residual value = $10,000

Mathematics
2 answers:
iris [78.8K]3 years ago
4 0

Answer:

$17,800.

Step-by-step explanation:

We have been given that the monthly payment of car is $175, down payment is $1500 and residual value is $10,000.

To find the total cost we will multiply monthly car payment by 36 and then add the amount of down payment and residual value to the result.

\text{Total cost }=(36\times \$175)+\$1500+10,000

\text{Total cost }=\$6300+\$1500+10,000

\text{Total cost }=\$17800

Therefore, the total cost of the car lease is $17,800.

givi [52]3 years ago
3 0
17,800 is correct answer or the third one
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