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Jeff has signed an auto lease contract.You will need to pay $400 at the beginning of each month for the next 5 years. Your personal

Jeff has signed an auto lease contract.You will need to pay $400 at the beginning of each month for the next 5 years. Your personal discount rate is 4.2% APR. What is the present value of all yuor payments?

23,032.63

1,770.77

21,689.19

21,613.54

8,717.04

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