Question

After speaking with a Fisker representative, Eddie asks about a leasing option. He is offered a three year lease with payments of $415 plus $2000 payment at the beginning of the lease. What is the total cost of the lease?

Answer 1

$3,245

Explanation:

Assuming that the $415 is paid yearly, Eddie has to pay a total of $3,245.

2,000 + (415 x 3)

2,000 + 1,245

2,000 + 1,245 = 3,245