Machinery can be leased for your manufacturing plant with a payment of $4500 at the beginning of
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Machinery can be leased for your manufacturing plant with a payment of $4500 at the beginning of every three months. What single payment in advance on the first day of the lease would be equal to four years of lease payments? Assume an interest rate of 4.4% compounded monthly.
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Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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