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What is the cash value of a lease requiring payments of $1,569.00 at the beginning of every six months for 8 years, if interest

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What is the cash value of a lease requiring payments of $1,569.00 at the beginning of every six months for 8 years, if interest is 4% compounded annually? 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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