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You are going to lease a new car. The sticker price for the car is $ 4 7 , 0 0 0 . The term

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 whatbare the monthly lease payments (before tax)?

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