You are wanting to drive a new car. The dealership offers you a lease payment for the car of $429 per month for a 36-month lease. The lease agreement states the interest rate on the lease is 6.5% and the first payment is made when you drive the car off the lot. What would the equivalent loan amount for the lease be?

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An investment will pay you $50,000 per year for a period of 25 years and the required rate of return is 3%. What is the value of the investment if the first payment occurs 20 years from today?