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What is the cash value of a lease requiring payments of $891.00 at the beginning of every year for 5 years, if interest is 12%

What is the cash value of a lease requiring payments of $891.00 at the beginning of every year for 5 years, if interest is 12% compounded monthly? CBD The cash value of the lease is (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed)

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