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Ana Paula leases a new car and agrees to month-end payments $435 for a four year term. At the end of the term, she can
Ana Paula leases a new car and agrees to month-end payments $435 for a four year term. At the end of the term, she can purchase the car with a one-time buyout of $9239. Assuming that interest on the lease is 3% compounded annually, what is the value of the car on the date of purchase?
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