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You are going to lease a new car. The sticker price for the car is $42,000. The term of the lease is 48 months, the
You are going to lease a new car. The sticker price for the car is
$42,000.
The term of the lease is
48
months, the rate on the lease is
7.2%,
and the buyout is
$22,000.
If you decide not to make a down payment, then what are the monthly lease payments (before tax)?
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