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1. What is the cash value of a lease requiring payments of $1,015.00 at the beginning of every year for 14 years, if interest is

1. What is the cash value of a lease requiring payments of $1,015.00 at the beginning of every year for 14 years, if interest is 8% compounded quarterly?

2. How much would you have to pay into an account at the beginning of every three months to accumulate $14,600.00 in 11 years, if interest is 11% compounded monthly?

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