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3) (6 points) Your car dealer is willing to lease you a new car for $349 a month for 48 months. Payments are due end

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3) (6 points) Your car dealer is willing to lease you a new car for $349 a month for 48 months. Payments are due end of the month. You also owe a $2,500 up-front fee (typically called a bank fee). You also owe a $1,500 (typically called exit cost) due at lease termination. The interest rate is 9 % compounded monthly. What is the current value of the lease

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