To compute the total cost of leasing the car for 4 years, we need to calculate the cost of leasing for 48 months.
The cost of leasing per month is $400.
Therefore, the cost of leasing the car for 4 years is: 48 months * $400/month = $<<48*400=19200>>19,200.
Adding the upfront cost of $4000, the total cost of leasing the car for 4 years is: $4,000 + $19,200 = $23,200.
To lease a mid-size sedan, a car dealership charges
$4000
up front and
$400
per month.
(b) Use your answer from part (a) to compute the cost of leasing the car for
4
years.
To compute the total cost of the lease, we substitute
4
years of months, or
months.
1 answer