The payments of a lease are $290 a month for 48 months. Jessica paid a deposit of $300, a title fee of $70, and a license fee of

Question

The payments of a lease are $290 a month for 48 months. Jessica paid a deposit of $300, a title fee of $70, and a license fee of $30. At the end of the lease she can buy the car for a residual value of $5,500.
What is the total cost if she buys the car at the end of the lease?
$19,820
$18,920

Kunduz · Accepted Answer

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