what is the total cost of a 24 - month vehicle lease with the terms described in the table?\n| | cost…

what is the total cost of a 24 - month vehicle lease with the terms described in the table?\n| | cost |\n|--|--| \n| monthly fee | $500 |\n| deposit | $2,000 |\n| registration and title | $300 |\n| disposition fee | $350 |\n| acquisition fee | $450 |

what is the total cost of a 24 - month vehicle lease with the terms described in the table?\n| | cost |\n|--|--| \n| monthly fee | $500 |\n| deposit | $2,000 |\n| registration and title | $300 |\n| disposition fee | $350 |\n| acquisition fee | $450 |

Answer

Explanation:

Step1: Calculate monthly - fee cost

The monthly fee is $500 for 24 months. So the cost of monthly fees is $500\times24$. $500\times24 = 12000$

Step2: Add other fees

The other fees are the deposit ($2000), registration and title ($300), disposition fee ($350), and acquisition fee ($450). The sum of other fees is $2000 + 300+350 + 450=3100$

Step3: Calculate total cost

Add the cost of monthly - fees and the sum of other fees. $12000+3100 = 15100$

Answer:

$15100$