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you are thinking about leasing a car. the purchase price of the car is $ 3 0 , 0 0 0 . the residual value

you are thinking about leasing a car. the purchase price of the car is $30,000. the residual value is $15,000 at the end of 36 months. assume the first lease payment is due one month after you get the car. the interest rate implicit in the lease is 6.00% APR, compounded monthly. what will be your lease payments for a 36-month lease?

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