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What would be the total cost (including opportunity cost) of leasing a vehicle for four years that requires a security deposit of $1000 (which would
What would be the total cost (including opportunity cost) of leasing a vehicle for four years that requires a security deposit of $1000 (which would be withdrawn from your portfolio, which earns nine percent per year), has monthly lease payments of $500, and has a kilometer restriction of $20,000 with excess kilometers resulting in a charge of 10 cents per kilometer? (Assume that, over the life of the lease, you exceed the kilometer limit by 8000.) Select one: a. $24 420 b. $25 160 c. $24 360 d. $24 800
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