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You are considering purchasing a new automobile with the upfront cost of $26,000 or leasing it from the dealer for a period of 48 months.

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You are considering purchasing a new automobile with the upfront cost of $26,000 or leasing it from the dealer for a period of 48 months. The dealer offers you 2.80% APR financing for 5 years (with payments made at the end of the month). Assuming you finance the entire $26,000 through the dealer, your monthly payments will be closest to $429.11 $473.25 $428.85 $425.09

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