Mathematics

Miss Piggy

10 June, 05:58

Given the lease terms below, what is the total price of this car if you buy it

after leasing, and you do not get the security deposit back?

Terms:

• Length of lease: 18 months

• MSRP of the car: $21,400

• Purchase value of the car after lease: $17,100

• Down payment: $1500

• Monthly payment: $479

• Security deposit: $350

• Acquisition fee: $700

O

O

O

A. $21,100

B. $21,172

C. $28,272

D. $20,794

+1

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