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You want to lease a Nash Rambler which sells for $26,990. The lease has a term of 48 months at a rate of 3.9% APR.

You want to lease a Nash Rambler which sells for $26,990. The lease has a term of 48 months at a rate of 3.9% APR. At the end of the term the lease buyout is $12,955.20. You can afford to make a $2,000 down payment. What are the monthly lease payments?

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