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Given the lease terms below, what is the total price of this car if you buy it
after leasing, and you do not get the security deposit back?
Terms:
• Length of lease: 18 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
O
O
A. $21,100
B. $21,172
C. $28,272
D. $20,794

Respuesta :

Answer:C. $28,272

Step-by-step explanation:

The total price of this car if you buy it

after leasing, and you do not get the security deposit back is; C. $28,272

How to solve lease terms?

Total price in this question will be all the costs incurred from leasing to buying.

We are given;

Purchase value of the car after lease: $17,100

Down Payment: $1500

Monthly Payment: $479 × 18 = $8622

Security Deposit: $350

Acquisition fee: $700

Thus;

Total costs = $17,100+ $1500 + $8622 + $350 + $700

Total Costs = $28272

Read more about Lease terms at; https://brainly.com/question/22785393

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