Given below are lease terms at the local dealership. What is the total cash due at signing?

Per latest education question and answer inquired students to state what they admit is the main important element for a student to do in order to accomplish success. Of many comments, the one that that stood out was practice. Successful persons are not always born successful; they become successful through hard work and commitment. This is how you can get your goals. down below some question and answer examples that you could potentially make use of to upgrade your knowledge and gain insight that will help you to keep up your school studies.

Question:

Given below are lease terms at the local dealership. What is the total cash due at signing?

Terms:Length of lease = 24 monthsMSRP of the car = $17,500Purchase value of the car after lease = $9900Down payment = $2400Monthly payment = $425Security deposit = $375Acquisition fee = $500

Answer:

Answer: $3,700

Explanation: 

Let 

Note that the total cash due at signing a lease includes down payment, first monthly payment, security deposit and acquisition fee. So, the total cash due at signing is given by 

C = D + M + S + A
    = 2,400 + 425 + 375 + 500
C = $3,700

 

They may hopefully assist the student deal with the question by make use of the questions and answer examples. You could actually then have a discussion with your classmate and continue the school learning by studying the question as a group.

READ MORE  Which is a correct interpretation of this cladogram?

Leave a Reply

Your email address will not be published.