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You are being offered a choice of buying or leasing a new car. The purchase price is $ 4 7 , 4 2 1 +

You are being offered a choice of buying or leasing a new car. The purchase price is $47,421+U dollars, which can be financed at an APR of 5.99% over 4 years (and the car is expected to be worth $20,400 at the end of the 4 years). Alternatively, you can lease the car for four years for $669 per month. Show which offer is better. u=40
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