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Ierofanga [76]
3 years ago
12

Alejandro Yago leased a Jeep for $209.00 per month for 60 months.He paid a deposit of $850.00, a title fee of $45.00, and a lice

nse fee of $60.00. The lease carried a stipulation charging $0.12 per mile for all miles over 60,000. Alejandro drove the Jeep 73,524 miles. What is the total cost of leasing the vehicle?
asap pls I need it
Business
1 answer:
kenny6666 [7]3 years ago
3 0

Answer:

$ 14,267.88  

Explanation:

The total cost of leasing the jeep will be

Title fee :  = $45.00

License fee:  =$60.00

Monthly fees:  $209.00 x 60 = $12,540

charges for miles above 60,000 miles (73,524 -60,000)

=$0.12 x  13524

=$1,622.88  

Total cost = $45 +$60 + $12,540, + $1,622.88

Total cost = $ 14,267.88  

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Answer:

We require 9.67% return per year to achieve 300,000 in the future

Explanation:

we need to solve for the rate at which a current value of 57,000 dollars will generate 300,000 dollars after 18 years:

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time 18.00

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3 0
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o-na [289]

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D) $45,000

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