Asked by Kelsey
                After deciding to buy a new car, you can either lease the car or purchase it on a 3-year loan.  The car costs $32,000.  The lease offer is for $450/month for 36 months, with only $99 due up front.  If you buy the car with a 3-year loan, the APR is 7% with monthly compounding.  You believe that in 3 years the car will be worth $23,000.  Should you buy or lease?
            
            
        Answers
                    Answered by
            Hasain
            
    yes,buy
    
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