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You want to lease a car for three years. The original value of the car is $30,000 and at the end of three years you

You want to lease a car for three years. The original value of the car is $30,000 and at the end of three years you expect it to be worth $10,000. If the required interest rate is 6.50 percent (compounded monthly), how large will your monthly lease payment be?

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