Question

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?

Answer 1

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