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What is amount of the monthly lease payment excluding taxes

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Reference no: EM132573299

Question - A car costing $55,000 is leased at 3.0% compounded quarterly for 4 years. What is the amount of the monthly lease payment excluding taxes? Round your answer to 2 decimal places.

A) $1,217.21

B) $1,077.36

C) $1,214.18

D) $1,080.05

Reference no: EM132573299

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