As given, The monthly payment for a car lease is = $300
Time period of lease = 24 months.
So, total amount in 24 month becomes = [tex]300\times24=7200[/tex]
Also given is, The down payment amount is = $1000
The residual value is = $9000.
Hence, total cost of the car will become =
[tex]7200+1000+9000=17200[/tex]
Hence, the answer is $17200.
