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Your car dealer is willing to lease you a new car for $299 a month for 60 months. Payments are due on the first day

Your car dealer is willing to lease you a new car for $299 a month for 60 months.

Payments are due on the first day of each month starting with the day you sign the

lease contract. If your cost of money is 4.9 percent, what is the current value of the

lease?

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