Question

5. A new car is offered for lease for $291 per month for

Answer 1

Answer: B

$10,390.75

Step-by-step explanation:

Given that the lease = $291 per month

Lease pay = 291 × 24 = $6984

Time = 24 months

down payment = $458.

The lease allows for 12,000 miles per year and includes a $0.35 per mile charge for miles driven in excess of that amount. 

For the car to be driven a total of 32,425 miles. 

Excess = 32425 - 24000 = 8425 miles

Charges = 0.35 × 8425 = $2948.75

The cost for two years for this vehicle will be

2948.75 + 458 + 6984 = $10390.75