Business, 05.02.2021 19:20 gloribellduran19

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: 36 months
• MSRP of the car: $21,400
• Purchase value of the car after lease: $17,100
• Down payment: $1,500
• Monthly payment: $229
• Security deposit: $350
• Acquisition fee: $700

Answer choices:
A. $29,246
B. $27,894
C. $21,100
D. $24,678

Answers: 2

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Given the lease terms below, what is the total price of this car if you buy it after leasing, and y...

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