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You have just leased a car that has monthly payments of $295 for the next 5 years with the first payment due today. If the

You have just leased a car that has monthly payments of $295 for the next 5 years with the first payment due today. If the APR is 5.16 percent compounded monthly, what is the value of the payments today?

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$15,638.66

$15,571.70

$14,216.96

$15,258.80

$16,046.15

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