Question
1. A credit union entered a lease contract valued at $5000. The contract provides for payments at the end of each quarter for 2 years.
1. A credit union entered a lease contract valued at $5000. The contract provides for payments at the end of each quarter for 2 years. If interest is 5.5% compounded quarterly, what is the size of the quarterly payment?
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Municipal Finances A Handbook For Local Governments
Authors: Catherine D. Farvacque-Vitkovic, Mihaly Kopanyi
1st Edition
082139830X, 978-0821398302
