What Would Be the Total Cost of Leasing a Vehicle

question 30

Essay

What would be the total cost of leasing a vehicle for four (4)years that requires a security deposit of $1,000 (which would be withdrawn from your portfolio,which earns 9 percent per year),has monthly lease payments of $500,and has a mileage restriction of 20,000 with excess mileage resulting in a 10 cents per mile charge.Assume over the life of the lease you exceed the mileage limitations by a total of 8,000 miles.
(a)$24,000
(b)$24,360
(c)$24,800
(d)$25,160

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Definitions:

GLOBE Model

A framework for understanding the impact of culture on leadership and organizational behavior across different nations and societies.

Altruistic

Showing a selfless concern for the well-being of others, often leading to acts of kindness without expecting personal gain.

Gender Egalitarianism

The principle that all individuals should have equal rights and opportunities, regardless of their gender.

GLOBE Model

A research framework that describes, understands, and predicts relationships between specific cultural dimensions and organizational leadership behaviors across countries.