Given below are lease terms at the local dealership. What is the total
depreciation fee for this car?
Terms:
• Length of lease: 36 months
• MSRP of the car: $22,750
• Purchase value of the car after lease: $16,900
• Down payment: $1800
• Monthly payment: $425
• Security deposit: $375
• Acquisition fee: $300
O A. $232.50
O B. $247.50
O C. $227.50
O D. $112.50
