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You are going to lease a brand new car. The price of the car is $50,000. You intend to make a $4,500 down payment. The
You are going to lease a brand new car. The price of the car is $50,000. You intend to make a $4,500 down payment. The term of the lease is 24 months and the lease rate is 7.6% 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%. The after-tax monthly lease payments are $ (Round to the nearest cent as needed.)
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