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Houda is going to lease a car for one year. She has 2 choices: Make a monthly lease payment of $400 on the first day

Houda is going to lease a car for one year. She has 2 choices: Make a monthly lease payment of $400 on the first day of each month; or pay the entire lease payment of S4000 today. Assume she an earn 1% every month. Which is her best choice. Show your calculations

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