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What is the cash value of a lease requiring payments of $771.00 at the beginning of every year for 10 years, if interest is 8%

What is the cash value of a lease requiring payments of $771.00 at the beginning of every year for 10 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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