Marge purchased a new vehicle for $30,000. She made a down payment of $1,000. Her lease is for 3 years, at an interest rate of 3% compounded monthly. The residual value of the vehicle is $10,000....

Marge purchased a new vehicle for $30,000. She made a down payment of $1,000. Her lease is for 3 years, at an interest rate of 3% compounded monthly. The residual value of the vehicle is $10,000. Calculate herbeginning of the month payment.

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