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You are going to lease a brand new car. The price of the car is $52,000. You intend to make a $3,000 down payment. The

You are going to lease a brand new car. The price of the car is $52,000. You intend to make a $3,000 down payment. The term of the lease is 48 months and the lease rate is 7.7% APR. The buyout for the lease is 40% of its purchase price. What are the monthly lease payments after tax? The tax rate is 9%.

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