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You are thinking of leasing a car. The price of the car is ​$ 55,000. You...

You are thinking of leasing a car. The price of the car is ​$ 55,000.

You have ​$ 2,000

for a down payment. The term of the lease is one year and the interest rate is 2.5​%

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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