5. Determine the total cost of each new car lease. a) 5000 down and 42 payments of 614 b) no money down and 60 payments of 277

## Step 1: Calculate the total cost of the lease in part (a)<br />### We are given a down payment of $5000 and 42 monthly payments of $614. The total cost is the down payment plus the sum of the monthly payments. This can be represented as $5000 + (42 \times 614)$.<br />## Step 2: Perform the multiplication<br />### $42 \times 614 = 25788$<br />## Step 3: Perform the addition<br />### $5000 + 25788 = 30788$<br />## Step 4: Calculate the total cost of the lease in part (b)<br />### We are given no down payment and 60 monthly payments of $277. The total cost is simply the sum of the monthly payments, which is $60 \times 277$.<br />## Step 5: Perform the multiplication<br />### $60 \times 277 = 16620$