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You want to lease a Toyota Corolla which sells for $29500. The lease has a term of 36 months at a rate of 8.00% APR.

You want to lease a Toyota Corolla which sells for $29500. The lease has a term of 36 months at a rate of 8.00% APR. The monthly lease payments are $865.00. What is the buyout due at the end of the lease? (Assume taxes are zero.)

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