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Present discounted value of heinrich leasing plan

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Reference no: EM131160028

Heinrich plans to lease a sports car for the next 3 years. His first choice requires $3000 at the time he picks up the car and then payments of $400 at the end of each of the following 36 months. Heinrich discounts future payments at a rate of 15% per year. Calculate the present discounted value of Heinrich's leasing plan.

Reference no: EM131160028

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