Question

Suzi doohan leased an suv by making a $2,295.00 deposit and agreeing to 39 payments of $421.38. she also paid the $160.00 title fee and $271.00 license fee.

Answer 1

The student's question pertains to calculating the total cost of leasing an SUV, including the deposit, monthly payments, and additional fees such as the title and license fees. To determine the total cost, add the initial deposit, the sum of all monthly payments, and any extra fees.

Step-by-step explanation:

The student's question involves calculating the total cost of leasing a vehicle, which is a practical application of mathematics, specifically in the area of financial mathematics. Leasing a vehicle is an alternative to purchasing that often involves a lower down payment and monthly payments. It is important to consider all the costs involved in a lease to understand the financial commitment fully.

To calculate the total cost of Suzi Doohan's SUV lease, you would add the initial deposit to the total of all the monthly payments and any additional fees. The calculation would look like this:

1. Initial deposit: $2,295.00
2. Total of monthly payments: 39 payments × $421.38 each
3. Title fee: $160.00
4. License fee: $271.00

By adding these amounts together, Suzi can determine the full cost of her lease over the 39-month period. It is also important to remember that if Suzi drives her leased vehicle over 10,000 miles in a year, she may incur extra charges for excess mileage.