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You are interested in leasing a car, and have been offered a 36-month lease with an annual interest rate of 3%, monthly payments of $400,

You are interested in leasing a car, and have been offered a 36-month lease with an annual interest rate of 3%, monthly payments of $400, and an optional lease buyout of $10,000. a) What is the present value of the lease? b) What is the future value of the lease?

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