The Betzes have leased an auto for 1 yr at $600/month. If money is worth 8%/year compounded monthly, what is the equivalent cash payment (present value) of this annuity? Please round your answer to the nearest cent.
$ __________

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The Answer of The Betzes have leased an auto for 1 yr at $600/month. If money is worth 8%/year compounded monthly, what is the equivalent cash payment (present value) of this annuity? Please round your answer to the nearest cent.
$ __________

The Betzes Have Leased an Auto for 1 Yr at $600/month