Answer:
$17,800.
Step-by-step explanation:
We have been given that the monthly payment of car is $175, down payment is $1500 and residual value is $10,000.
To find the total cost we will multiply monthly car payment by 36 and then add the amount of down payment and residual value to the result.
[tex]\text{Total cost }=(36\times \$175)+\$1500+10,000[/tex]
[tex]\text{Total cost }=\$6300+\$1500+10,000[/tex]
[tex]\text{Total cost }=\$17800[/tex]
Therefore, the total cost of the car lease is $17,800.
