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You have just leased a car that has monthly payments of $ 9 5 9 for the next 5 years with the first payment due
You have just leased a car that has monthly payments of $ for the next years with the first payment due today. If the APR is percent compounded monthly, what is the present value of the payments today?
Enter the answer rounded off to two decimal places. Do not enter $ in the answer box. Remember to enter the final answer as a positive number.
Note this is an annuity due problem.
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