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6. A five year lease agreement requires payments of 51,000 at the beginning of every month. If the interest rate is 5% compounded monthly, what

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6. A five year lease agreement requires payments of 51,000 at the beginning of every month. If the interest rate is 5% compounded monthly, what is the cash present value of the lease? a. the cash value of the lease is $53,211,50. b. the cash value of the lease is $56,647,36. c. the cash value of the lease is $54,932.88. d. the cash value of the lease is $56,667,36

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