You are thinking of leasing a car. The price of the car is?$45,000. You have ?$3000 for
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You are thinking of leasing a car. The price of the car is?$45,000. You have ?$3000 for a down payment. The term of the leaseis and the interest rate is ?3.5% 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)?
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