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You are paying an apartment for lease at $400 per month for 25 months, monthly interest rate is 11.3%. The first payment is made today.

You are paying an apartment for lease at $400 per month for 25 months, monthly interest rate is 11.3%. The first payment is made today. What is the value of your 25 months apartment lease today?____(3)____$. Please answer quickly and accurately. The blank with (3) is where you put the answer.

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