6. A five-year lease agreement requires payments of $1,050 at the beginning of every month. If the interest rate is 5% compounded monthly, what is the cash present value of the 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 $55,872.36