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Auto Leasing Inc. leases an automobile with a fair value of $ 2 8 , 0 0 0 to a customer over a four year

Auto Leasing Inc. leases an automobile with a fair value of $28,000 to a customer over a four year
period with payments due annually. The first payment is due on the first day of the lease. What is
the annual lease payment if Auto Leasing Inc. desires a rate of return of 5%?
Note: Do not use a negative sign with your answer.
$
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