The value of a lease contract is $5000. It requires eight equal lease payments to be made
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The value of a lease contract is $5000. It requires eight equal lease payments to be made at the beginning of every three months. If the cost of borrowing is 2.8% compounded daily, what is the size of the lease payment?
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Related Book For 
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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