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Find #1, find the a) total amount of payments, and b) total lease cost for each row in the table. 1. (Number of Amount of
Find #1, find the a) total amount of payments, and b) total lease cost for each row in the table. 1. (Number of Amount of Total Total Title License Amount of Deposit + Lease Fee Fee Payments Payment Payments) Cost 24 48 54 60 XXXX 2438 $219 a.S 299 589 345 $1,419 5 80 15 65 +$749 +$95 $28 +$1,860 +120 +$126 +$2,450+ 140+ $ 98 b.s -b. -b. b. 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? Find #1, find the a) total amount of payments, and b) total lease cost for each row in the table. (Number X of Payments 24 48 54 60 Amount Total of Amount of Deposit + Title License Total Lease Payment Fee Payments) Fee Cost $219 a. S $1,419 $ 80 565 b. S 299 a. +$749 +$95 + $ 28 =b. 589 a. 345 +$1,860 +120 +$126 $2,450 +140 b. + $ 98 E b. XXXX 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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