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A customer has the option to either buy a car for cash for 1 5 , 0 0 0 or lease it with a down

A customer has the option to either buy a car for cash for 15,000 or lease it with a down payment of 1,000 and monithy paymerta of x payable at the end of each month for three years.
Under the purchase option, the car has a value to the customer of 8,000 at the end of three years. At the end of the thrceycar linaser the car is returned and has no value to the customer.
The customer is indifferent to the options at an annual nominal interest rate of 12% convertible monthly
Calculate x.
259
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279
289
299
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