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Question 36 (5 points) A student decides to lease an entertainment system for his apartment. The lease calls for monthly payments of $40 paid at

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Question 36 (5 points) A student decides to lease an entertainment system for his apartment. The lease calls for monthly payments of $40 paid at the BEGINNING of the each monthly (annuity due). The lease will last for 6 years. If the student has a personal discount rate of 4.80% APR (monthly compounding), how much is the lease worth to the student today? (Round to the nearest dollar) $2,508 $2,498 $2,075 $2,100 O $2,580

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