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You are going to lease a new Ford Ranger truck. The sticker price for the truck is $ 4 0 , 0 0 0 .

You are going to lease a new Ford Ranger truck. The sticker price for the truck is $40,000. The term of the lease is 60 months, the rate on the lease is 6.2%, and the buyout is $18,000. What are the monthly lease payments?
The monthly lease payments are $
(Round to the nearest cent as needed.)
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