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You are at the dealership considering the purchase of a car. The salesperson offers you an option to get a lease with 60 monthly payments,

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You are at the dealership considering the purchase of a car. The salesperson offers you an option to get a lease with 60 monthly payments, a 5% annual interest rate, and a $4,200 payoff due at the end of the lease. If you would start making the monthly payments of $700 beginning one month from now, how much would you expect to pay for the car if you instead offered cash today? Round to the nearest integer

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