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You are thinking of leasing a car. The price of the car is $50,000. You have $2,000 for a down payment. The term of the
You are thinking of leasing a car. The price of the car is
$50,000.
You have
$2,000
for a down payment. The term of the lease is
five
years
and the interest rate is
2.5%
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)?
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