Question

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

Answer 1

Answer:

$112.50

My Explaination:

Got it wrong... cause of whats above. -_-

Answer 2

Answer:

$112.50 is correct