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Vanessa is looking at leasing a new car for 2 years. The total cost is $ 2 4 , 0 7 5 , the residual

Vanessa is looking at leasing a new car for 2 years. The total cost is $24,075, the residual value would be $18,950, and the interest rate is 71/2%. Calculate her monthly lease payment: a. Assuming she makes no down payment. b. Assuming she makes a $3,500 down payment.

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