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A consumer pays a monthly payment of $400 to lease a 2020 Dodge Ram truck. At the end of a three-year lease period, the dealership
A consumer pays a monthly payment of $400 to lease a 2020 Dodge Ram truck. At the end of a three-year lease period, the dealership requires the consumer to make a one-time balloon payment. Under the Consumer Leasing Act of 1988, the maximum amount the payment can be is: A. $400 B. any amount the dealer wants C. $1200 D. $800
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