5. A new car is offered for lease for $291 per month for

24 months with a down payment of $458. The lease

allows for 12,000 miles per year and includes a

$0.35 per mile charge for miles driven in excess of

that amount. At the end of the lease, the car has

been driven a total of 32,425 miles. What is the cost

for two years for this vehicle?

$6,984

$10,390.75

$7,469

$18,817.75

$11,669

Answer: B

$10,390.75

Step-by-step explanation:

Given that the lease = $291 per month

Lease pay = 291 * 24 = $6984

Time = 24 months

down payment = $458.

The lease allows for 12,000 miles per year and includes a $0.35 per mile charge for miles driven in excess of that amount.

For the car to be driven a total of 32,425 miles.

Excess = 32425 - 24000 = 8425 miles

Charges = 0.35 * 8425 = $2948.75

The cost for two years for this vehicle will be

2948.75 + 458 + 6984 = $10390.75