Question 4 of 10 Given below are lease terms at the local dealership. What is the total depreciation fee for this car? Terms: • Length of lease: 24 months • MSRP of the car: $17,500 . Purchase value of

Question 4 of 10

Given below are lease terms at the local dealership. What is the total
depreciation fee for this car?
Terms:
• Length of lease: 24 months
• MSRP of the car: $17,500
.
Purchase value of the car after lease: $9900
Down payment: $2400
Monthly payment: $425
Security deposit: $375
Acquisition fee: $500

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Question 4 of 10 Given below are lease terms at the local dealership. What is the total depreciation fee for this car? Terms: • Length of lease: 24 months • MSRP of the car: $17…

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