Given below are lease terms at the local dealership. What is the total cash due at signing? Terms: Length of lease = 24 months MSRP of the car = $29,500 Purchase value of the car after lease = $19,500 Down payment = $3300 Monthly payment = $475 Security deposit = $475 Acquisition fee = $500

Answer: $4750

Explanation:

To get the cash due at signing, we just add up the following quantities:

- Down payment = $3300 
- First Monthly payment = $475
- Security deposit = $475 
- Acquisition fee = $500

Hence the total cash due at signing is calculated as follows:

(Total cash due at signing) = (Down payment) + (First Monthly payment) + (Security deposit) + (Acquisition fee)
= $3300 + $475 + $475 + $500
= $4750

Hence, the total cash due at signing is $4750.