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A 1 - year lease agreement requires a payment of $ 1 4 9 8 + U dollars per month, with the first payment due

A 1-year lease agreement requires a payment of $1498+U dollars per month, with the first payment due next month. Compute the present value of those payments to the lessor if the appropriate annualized discount rate is 7.55%?1538 monthly payment
.629 rate
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