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Find what are the monthly lease payments? or before tax

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Problem 1: You are thinking of leasing a car. The price of the car is ?$55,000. You have ?$2,000 for a down payment. The term of the lease is three years and the interest rate is 7.5?% APR. The buyout on the lease is? 51% of its purchase price and it is due at the end of the term. What are the monthly lease payments? (before tax)?

Reference no: EM132767481

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