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As a graduation present, your father has given you $5,000 to use as a down payment for a brand-new Audi A4. The price of the
As a graduation present, your father has given you $5,000 to use as a down payment for a brand-new Audi A4. The price of the A4 is $60,000. You will get a 48-month lease at 7.9% APR. The buyout at the end of the lease term is 40% of its purchase price. What are the (beginning-of-month) lease payments
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