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What is the most that you should pay for a monthly lease

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You are contemplating leasing a new car. The monthly lease payments (to be made at the end of each month) are for 36 months. At the end of the lease you have the option of purchasing the car for $17 800. If you could finance the car at 5.9% for the same period and the asking price of the car is $25 800, what is the most that you should pay for a monthly lease

Reference no: EM132528686

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