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What would be the total cost of leasing a vehicle for four years that requires a security deposit of $1,000 (which would be withdrawn from
What would be the total cost of leasing a vehicle for four years that requires a security deposit of $1,000 (which would be withdrawn from your portfolio, which earns 9% per year), has monthly lease payments of $500, and has a mileage restriction of 20,000 with excess mileage resulting in a 10 cents per mile charge? Assume over the life of the lease you exceed the mileage limitations by a total of 8,000 miles. Question 11 options: $25,160 $24,000 $24,360 $24,800
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