Question

Your payment is $300 per month for 48 months and you made a $2,000 down payment. What is your total cost of leasing?

$14,600
$16,400
$14,400
$12,400

Answer 1

$12,400

Explanation:

$300 x 48 = $14,400

$14,400 - $2000(down payment) = $12,400