1.1.3 quiz: car leasing
2 points
given the lease terms below, find the total lease cost, assuming that the
deposit is nonrefundable.
terms:
length of lease: 24 months
msrp of the car: $21,400
purchase value of the car after lease: $17,100
down payment: $1500
• monthly payment: $479
• security deposit: $350
acquisition fee: $700