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You are considering purchasing a new automobile with an upfront cost of $25,000 or leasing it from the dealer for a period of 60 months.
You are considering purchasing a new automobile with an upfront cost of $25,000 or leasing it from the dealer for a period of 60 months. The dealer offers you 4.00% APR financing for 60 months (with payments made at the end of the month). Assuming you finance the entire $25,000 through the dealer, what will your monthly payments be
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