Answer:
The estimate cost of the lease is $24,000 and the actual cost of the lease is $24,180
Step-by-step explanation:
step 1
Estimate the total cost of the lease
Remember that
1 year=12 months
Rounding the monthly payment to the nearest hundred.
The total cost of the lease is equal to multiply the monthly payment by the number of months
The number of months is
therefore
step 2
Find the actual cost of the lease
The estimate, when compared to the actual answer, is very comparable because the estimate is only $180 less than the actual amount.