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You are considering purchasing a new automobile with the upfront cost of $45,000 or leasing it from the dealer for a period of 72 months.

You are considering purchasing a new automobile with the upfront cost of $45,000 or leasing it from the dealer for a period of 72 months. The dealer offers you 3.50% APR financing for 72 months (with payments made at the end of the month). Assuming you finance the entire $45,000 through the dealer, your monthly payments will be closest to ________. Group of answer choices $523.99 $693.83 $798.63 $636.71

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