What is the cost of the lease

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Reference no: EM131047230

You agree to lease a car for 5 years by paying $300 per month. You are not required to pay any money up front or at the end of your agreement. Your opportunity cost of capital is 6% APR (Annual Percentage Rate). What is the cost of the lease (Present Value)/? Round your answer to the nearest $.

Reference no: EM131047230

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