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q.7 You end up leasing $15954.26 after the down payment and taxes for 4 years. The interest rate is 2.29% compounded monthly. (Interest rates are

q.7 You end up leasing $15954.26 after the down payment and taxes for 4 years. The interest rate is 2.29% compounded monthly. (Interest rates are lower on leases as compared to financing) Calculate the monthly lease payment due at the beginning of the month.

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