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Complete the following problems. 1. Ursula Shoenfeld is leasing a vehicle and pays $403.50 per month for 48 months. Her deposit was $1,600.00. She
Complete the following problems. 1. Ursula Shoenfeld is leasing a vehicle and pays $403.50 per month for 48 months. Her deposit was $1,600.00. She paid a $75 title fee and a $55.00 license fee. What is her total lease cost? 2. Nikolai Rakov leases a vehicle for $399.00 a month for 48 months. He pays a deposit of $1,225.00, an $85.00 title fee, and a $160.00 license fee. The lease stipulates a $0.20 per mile for all miles more than 60,000 driven. If he drives the vehicle 68,515 miles, what is the total cost of leasing the vehicle?
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