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Your firm needs a new delivery truck. You can lease a truck from the manufacturer for five years for a monthly lease payment of $3,966

Your firm needs a new delivery truck. You can lease a truck from the manufacturer for five years for a monthly lease payment of $3,966 (paid at the end of each month). Your firm can borrow at 6% APR with quarterly compounding. The present value of the lease payments for the delivery truck is $______.

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