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You have just leased a car that has monthly payments of $310 for the next 5 years with the first payment due today. If the

You have just leased a car that has monthly payments of $310 for the next 5 years with the first payment due today. If the APR is 5.52 percent compounded monthly, what is the value of the payments today?

Multiple Choice

$16,753.15

$14,814.69

$16,296.16

$16,221.54

$15,876.75

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