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You just signed a five-year car lease. The lease requires you to make 5 equal annual payments of $14,000 with your first payment due immediately.
You just signed a five-year car lease. The lease requires you to make 5 equal annual payments of $14,000 with your first payment due immediately. Find the value of your lease if the interest rate is 5.2% p.a. Answer Format: ENTER YOUR ANSWER AS A POSITIVE NUMBER INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "$""," or any other formatting. Carry computation to at least 4 decimals and round your final answer to 2 decimal places. ######.##
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