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You lease a new vehicle for 3 years and then lease another vehicle for 3 more years. With this option, a 12.68% effective annual rate

You lease a new vehicle for 3 years and then lease another vehicle for 3 more years. With this option, a 12.68% effective annual rate is used. You can assume interperiod interest. It also requires down payment of $2,000 for both 3-year leases and results in a payment of $450 per month. What is the present worth?

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