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A car costing $50,000 is being leased with an 3-year lease with annual interest 4.8% compounded monthly. The down-payment is 10%. The car has a

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A car costing $50,000 is being leased with an 3-year lease with annual interest 4.8% compounded monthly. The down-payment is 10%. The car has a residual value of 50% of the original price of the car. What's the monthly lease payment

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