Jackson leased a new car for 3 years. He agreed to pay $1,900 down and a $269 payment each month. He also agreed to pay $0.125 per mile he drove over 30,000 miles. During the 3-year lease period, Jackson drove the car 32,458 miles. Excluding taxes, what was the cost of leasing this car for 3 years?
Add the three costs: down payment ($1,900), total monthly payments and mileage over 30,000 (2.458 × 125 = 307.25) to get $11,891.25.