Question

The monthly payment for a car lease is $530 for 18 months. The down payment is $2,000. The residual value is $7,000. What is the total cost of the lease? A. $18,540 B. $20,540 C. $25,540

Answer 1

Answer:

18540

Step-by-step explanation:

18 times 530 = 9540

9540 + 2,000 + 7,000= 18540

I did 18 times 530 because it said 530 for 18 months