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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
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 $ (Round to the nearest cent as needed.) You are thinking of leasing a car. The price of the car is $40,000. You have $3,000 for a down payment. The term of the lease is five years and the interest rate is 5% APR. The buyout on the lease is 51% of its purchase price and it is due at the end of the term. What are the monthly lease payments (before tax)? The monthly lease payments are $. (Round to the nearest cent as needed.) You are thinking of leasing a car. The price of the car is $55,000. You have $5,000 for a down payment. The term of the lease is two years and the interest rate is 4% APR. The buyout on the lease is 51% of its purchase price and it is due at the end of the term. What are the monthly lease payments (before tax)? The monthly lease payments are $ (Round to the nearest cent as needed.) You are going to lease a brand new car. The price of the car is $50,000. You intend to make a $2,500 down payment. The term of the lease is 36 months and the lease rate is 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 12%. The after-tax monthly lease payments are $ (Round to the nearest cent as needed.) Sally wants to buy a Ford Mustang. The MSRP is $26,185. Ford offers a purchase financing plan with no money down and 48 end-of-month payments of $550. Should she buy the car for cash or take Ford's purchase financing? Assume that she has the cash and that she could invest her money and earn at least 4%. What is the present value of all the payments? (Round to the nearest cent.)
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