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What are the monthly lease payments after tax

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Reference no: EM132929938

Problem - You are going to lease a brand new car. The price of the car is $50,000. You intend to make a $2,500 down payment. The term of the lease is 36 months and the lease rate is 6.1% APR. The buyout for the lease is 40% of its purchase price. What are the monthly lease payments after tax? The tax rate is 3%.

Reference no: EM132929938

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