Answered

Westonci.ca is your go-to source for answers, with a community ready to provide accurate and timely information. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

2. Abdul Muhal leased a sedan for business use as a salespersonThe lease cost $199 per month for 48 months. He paid a depositof $750, a title fee of.$95, and license fee of $135. What is thetotal lease cast?

Sagot :

We need to add all the expenses including those of the lease over the 48 months

Total lease cost = month totals + deposit + fee 1 + fee 2

Total lease cost = 199 * 48 + 750 + 0.95 + 135 = $10438.95

Have in mind that the deposit (also called down payment) of a lease doesn't lower the lease cost, so we need to add it with the rest as shown above.

Total cost of the lease = $10438.95

Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.