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You are thinking of leasing a car. The price if the car is $ 4 5 , 0 0 0 . You have $ 5

You are thinking of leasing a car. The price if the car is $45,000. You have $5,000 for a down payment. The term of the lease is five years and the interest rate is 3.5% APR. The buyout on the lease is 51% of its purchase price and it is due at the and of the term. What are the monthly lease payments (before tax)?

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