You are deciding whether you want to buy or lease a car that is worth...

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You are deciding whether you want to buy or lease a car that is worth $13,000. Its residual value after 2 years is $8,000, and after 4 years only $4,500. Assume an interest rate of 4.5% compounded monthly. If you take out a 4-year lease, what will be the monthly lease payment?...If you take out a 2-year lease, what will be the monthly lease payment?

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