Jenny Enterprises has just entered a lease agreement for a new manufacturing facility. Under the terms of the agreement, the company agreed to pay rent of $13,000 per month for the next 5 years with the first payment due today. If the APR is 6.6 percent compounded monthly, what is the value of the payments today? Multiple Choice $666,470.47 $689,211.76 $605,882.24 $646,540.12 $662,824.93