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A car costs $13,500. Alternatively, the car can be leased for 4 years by making payments of $240 at the beginning of each month and
A car costs $13,500. Alternatively, the car can be leased for 4 years by making payments of $240 at the beginning of each month and then bought at the end of the lease for $4,236. If interest is 9% compounded quarterly, which alternative is preferable
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