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You have just leased a car that has monthly payments of $365 for the next 4 years with the first payment due today. If the
You have just leased a car that has monthly payments of $365 for the next 4 years with the first payment due today. If the APR is 6.84 percent compounded monthly, what is the value of the payments today?
- $13,979.07
- $15,376.98
- $14,889.73
- $15,908.19
- $15,289.83
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