You are thinking of leasing a car. The price of the car is $55,000. You have $4,000 for a down payment. The term of the lease is four years and the interest rate is 8.5% APR. The buyout on the lease is 51% of its purchase price and it is due at the end of the term. What are the monthly lease payments (before tax)?

The monthly lease payments are $

nothing

.

(Round to the nearest cent as needed.)