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You would like to lease a car. The car costs $59,337.53. You have $5,000 for a down payment. The dealer has offered you a 48-month

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You would like to lease a car. The car costs $59,337.53. You have $5,000 for a down payment. The dealer has offered you a 48-month lease with monthly payments of $700. At the end of the term, the buyout for the lease is 49% of the purchase price. What is the APR on this lease

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