Question

Answer 5750$

Given below are lease terms at the local dealership. What is the total cash
due at signing?
.
.
Terms:
Length of lease = 24 months
MSRP of the car = $36,600
Purchase value of the car after lease = $30,200
Down payment = $4800
Monthly payment = $525
$445 security deposit
$505 acquisition fee
A. $6275
B. $5750
C. $5770
D. $5830

Answer 1

6750

Step-by-step breast inspection:

Answer 2

$6275

Explanation:

The cash due at signing should include :

The down-payment ; The monthly payment for that particular month ; Acquisition fee and Security deposit.

Down payment = $4800

Monthly payment = $525

Security deposit = $445

Acquisition fee = $505

Total :

$(4800 + 525 + 445 + 505)

= $6275