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To lease the car The purchase price is $ 1 7 , 4 4 5 . 0 0 . Delivery / destination and dealer fees

To lease the car The purchase price is $17,445.00. Delivery/destination and dealer fees total $2,449.00. The sales tax rate is 15%. The interest rate for leasing the car is 7.49%. The monthly lease payment, including the sales tax, is $324.70. The residual value of the vehicle at the end of the lease term is $8,296.85. Initial amount due at signing: First monthly payment. Based on the information above, calculate the following and show all work. a). Initial payment due at signing. b). Total of all monthly payments. c). Residual cost at conclusion of lease. This is what you pay if you decide to purchase the vehicle, so it will include sales tax. d). Total cost if you lease then purchase at the end of the five-year lease.

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