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You can buy a fancy store display for $ 5 1 7 or you can rent one for $ 5 3 . 7 0 per

You can buy a fancy store display for $517 or you can rent one for $53.70 per month for 8 months with the first payment due in 1 month. Your discount rate is 3.1% per month, and the tax rate is 16%. Assuming that this is a valid lease, what is the NAL? (Round to the nearest cent)

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