2
QuizMultiple Choice

Leasing vs. Buying a Car

Question 2 • CARE_24_25_TX-Mathematical Models with Applications B

Cindy would like to lease a car worth $56,000 for a three-year period. The leasing company told Cindy that after three years, the car would have a residual value of $40,320. How much of the car’s original value will Cindy have to pay off during her three-year lease?

Answer
A
$1,389
B
$7,200
C
$15,680
D
$40,320
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