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Given below lease terms at the local dealership. What is the total cash due at signing? Terms length of = 36 months MSRP of the car =$ 28.900 purchase value of the car after lease = $ 22.700 down payment = $ 4100 monthly payment = $ 475 $ 415 security deposit $ 490 acquisition fee choice A. $ 5480 B. $ 5005 C. $ 5065 D. $ 4990

1 Answer

2 votes

Answer:

B. $5005

Explanation:

The amount due at signing will be the sum of ...

  • $4100 down payment
  • $415 security deposit
  • $490 acquisition fee

These total $5005.

User CyberFonic
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