What is the equivalent cash payment of this annuity

Reference no: EM131125391

AUTO LEASING The Betzes have leased an auto for 2 yr at $450/month. If money is worth 9%/year compounded monthly, what is the equivalent cash payment (present value) of this annuity?

Reference no: EM131125391

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What is the equivalent cash payment of this annuity : what is the equivalent cash payment (present value) of this annuity?

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