4. To lease a new car worth $19995, a customer agrees to pay a $3000 down payment and 48 monthly payments of $295. a) Calculate the total cost of leasing the vehicle. b) Calculate the average cost per month over the life of the lease.

Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter11: Addition And Subtraction Of Decimal Fractions
Section: Chapter Questions
Problem 6A: After the five pieces have been cut from the round stock in Figure 113, what is the length that is...
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4. To lease a new car worth $19995, a customer agrees to pay a $3000 down payment and 48 monthly payments of
$295
a) Calculate the total cost of leasing the vehicle.
Calculate the average cost per month over the life of the lease.
O0km)
Transcribed Image Text:4. To lease a new car worth $19995, a customer agrees to pay a $3000 down payment and 48 monthly payments of $295 a) Calculate the total cost of leasing the vehicle. Calculate the average cost per month over the life of the lease. O0km)
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