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You just signed a 5-year car lease. Under the terms of the lease, you will make 5 equal annual payments of $7,826 at the beginning
You just signed a 5-year car lease. Under the terms of the lease, you will make 5 equal annual payments of $7,826 at the beginning of each year starting immediately. How much is the lease worth to you today if the interest rate is 4.58%. Answer Format: ENTER YOUR ANSWER AS A POSITIVE NUMBER INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "$" or any other formatting. Carry computation to at least 4 decimals and round your final answer to 2 decimal places. ######.##
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