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You are considering purchasing a new automobile with the upfront cost of $35,000 or leasing it from the dealer for a period of 72 months.

You are considering purchasing a new automobile with the upfront cost of $35,000 or leasing it from the dealer for a period of 72 months. The dealer offers you 2.50% APR financing for 72 months (with payments made at the end of the month). Assuming you finance the entire $35,000 through the dealer, your monthly payments will be closest to ________.

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$523.99

$636.71

$693.83

$798.63

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