question archive You are going to lease a new car

You are going to lease a new car

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You are going to lease a new car. The sticker price for the car is ?$47,000. The term of the lease is 60 ?months, the rate on the lease is 3.2?%, and the buyout is ?$20,000. If you decide not to make a down? payment, then what are the monthly lease payments? (before tax)?

The monthly lease payments are ?$

 

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