An investment in a lease offers returns of $2500 per month due at the beginning of each

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An investment in a lease offers returns of $2500 per month due at the beginning of each month for five years. What investment is justified if the returns are deferred for two years and the interest required is 12% compounded monthly?
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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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