You are going to lease a new car. The sticker price for the car is

$47,000.

The term of the lease is

60

months, the rate on the lease is

3.2%,

and the buyout is

$20,000.

If you decide not to make a down payment, then what are the monthly lease payments (before tax)?

The monthly lease payments are

$nothing.

(Round to the nearest cent as needed.)