1. Mr. Salgado leased a new car for 3 years. He agreed to pay $1,200 down and $269 per month for the duration of the lease. Mr. Salgado also agreed to pay $0.125 per mile for every mile driven over 36,000 miles. When he got the car, the odometer read 0 miles. At the end of the lease, the odometer read 49,272 miles.
What was the total cost to lease the car for three years, excluding any taxes?
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