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Steve Johnson Has Decided to Lease a Vehicle as Opposed

Question 26

Multiple Choice

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

Correct Answer:

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