Steve Johnson Has Decided to Lease a Vehicle as Opposed

Short Answer

Steve Johnson has decided to lease a vehicle as opposed to purchasing it. The lease agreement calls for a monthly payment of $400. Any mile driven above 1,000 per month will cost an additional $.10 per mile. If Steve drives 1,240 miles in the month of January his total cost will be: a. $400
B) $640
C) $524
D) $424