You are thinking of leasing a car. The price of the car is

$55,000.

You have

$5,000

for a down payment. The term of the lease is

four

years

and the interest rate is

4%

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.)