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Kevin made a down payment of $1,500 for his car lease. His monthly payment amount is $200 for 36 months. What is the total cost of the lease, if the residual value is $8,000?

Kevin made a down payment of $1,500 for his car lease. His monthly payment amount is $200 for 36 months. What is the total cost of the lease, if the residual value is $8,000?
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4 votes
Kevin made a down payment of $1,500 for his car lease. His monthly payment amount is $200 for 36 months. What is the total cost of the lease, if the residual value is $8,000?

User Andyqee
by
7.7k points

1 Answer

4 votes

Answer:

8500

Explanation:

User Snilleblixten
by
8.2k points
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