Your apartment lease in Bloomington calls for a monthly payment $($due at the beginning of each month$)$ of $$2,500$ for $12$ months. If an investor needs $18\%$

to assume the risk of leasing to a college student, what is the value of your lease contract? $[$Show your answer in dollars and cents$][$HINT: instead of

number of years and interest rate per year, this question is number of months and interest rate per month; be consistent with your Time Value of Money

calculations$]$