Question 9 of 10
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
O A. $10,794
OB. $11,100
O c. $14,046
O D. $14,678