Your Car Dealer Is Willing to Lease You a New

Your car dealer is willing to lease you a new car for $199 a month for 72 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 5.45%, what is the current value of the lease?

A) $11,708.18
B) $11,297.60
C) $12,197.74
D) $12,253.14
E) $13,008.31