Look you have the opportunity to lease a new Mazda Do the following calculations use the powerpoint attached with the car information.

1. How much is the lease cost to you if you only put 10,000 miles on the car each year for the 36 months? $9324.

2. How much would the total cost be if you drove 12,500 miles a year each year instead and the cost overage per mile was 15cents? $10,449

3. Assuming for today that the interest rate on the lease was .9% as well (calculated into the payment). Assuming the capitalized cost was not negotiated and is the same as the MSRP how much PRINCIPAL are you paying on the lease?

4. Taking the result from #7 above what is the residual value of this car after the car is returned?