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Suppose you want to become a Lyft driver and need to lease a car. You want a car valued at $ 2 2 , 0
Suppose you want to become a Lyft driver and need to lease a car. You want a car valued at $ The dealer will let you drive away with no money down. You sign a year lease with monthly payments. The imbedded discount rate on the lease is At the end of the fifth year, you would need to pay a residual value payment of $ in order to take ownership of the car. What is the required monthly payment? Round to the nearest $ and use the $ symbol. Answer should look like $
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