Complete the following problems. 2. Tenesha Clayton has an open-end lease for an SUV that she uses for her fabric store. The lease costs
Complete the following problems. 2. Tenesha Clayton has an open-end lease for an SUV that she uses for her fabric store. The lease costs $421.38 a month for 48 months. She paid a $2,500.00 deposit, an $85 title fee, and a $235.00 license fee. At the end of the lease, she can buy the vehicle for its $15,446.00 residual value. What is the total a) to lease, and b) to buy the vehicle? 3. For its year-end model clearance sale, a new auto dealership is offering a 2-year lease with $1,999.00 due at signing, which includes all taxes, titles, and fees. The lessee is responsible for $0.12 per mile more than 12,000 miles driven per year and must have approved credit. If the total lease cost is $6,775.00, how much is the monthly lease payment?
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