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The agreement for leasing a new car with a purchase price of $21,000.00 includes a down payment of $1,500.00 and a monthly payment of $325.00
The agreement for leasing a new car with a purchase price of $21,000.00 includes a down payment of $1,500.00 and a monthly payment of $325.00 over four years. At the end of the four years, you could own the car by paying $7,100.00. If you decided to own the car at the end of the lease, how much would you be paying in total? You may assume all of the costs and payments are inclusive of tax. show all the steps
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