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What is the cash value of a lease requiring payments of $1457.00 at the beginning of three months every for 11 years, if interest is

What is the cash value of a lease requiring payments of $1457.00 at the beginning of three months every for 11 years, if interest is 8% compounded monthly?

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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