Answer:
Option C - 8,200
Step-by-step explanation:
Given : The monthly payment for a car lease is $300 for 24 months. The down payment is $1,000. The residual value is $9,000.
To find : What is the total cost of the lease?
Solution :
Total cost of the lease is the monthly payment times the number of months adding down payment.
Monthly payment M=$300
Number of months n=24 months
Down payment D=$1000
Therefore, Option C is correct.
The total cost of the lease is $8200.