This is a multiple choice question. Not sure how to solve, mainly because my textbook confuses me. Would appreciate help!!


"Mary Ward recently leased a new convertible. The $1600 due at signing includes the title and license fee. Her monthly lease payments are $700 per month. The leasing company allows 12.000 miles per year with a $0.12 per mile overage charge. If the total lease cost is $26,800, for how many months does the lease last?"

a) 24
b) 36
c) 48
d) 60

Respuesta :

Answer:   36 months

Step-by-step explanation:

total for car        $26,800

down payment - $  1,600

amount leased   $25,200

700 monthly divided into $25,200

700/25200 = 36