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The monthly lease payments on a new car are $480 for seven years. The first payment is payable today. Using an interest rate of 7.2%

The monthly lease payments on a new car are $480 for seven years. The first payment is payable today. Using an interest rate of 7.2% compounded monthly, what is the value of the lease? a $32,250 b $30,000 c $31,598 d $31,788

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