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You have just signed a lease for a car. You are required to make monthly payments for 60 months as well as an end-of-lease payment
You have just signed a lease for a car. You are required to make monthly payments for 60 months as well as an end-of-lease payment of $2,500. Each payment is due at the START of the month. The first payment is due today. If the correct interest rate is 6% APR and the car is worth $30,000. calculate the monthly payment
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