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11) The monthly rent payment on photocopier equipment is $671.00 payable in advance. What yearly payment in advance would satisfy the lease if interest is
11) The monthly rent payment on photocopier equipment is $671.00 payable in advance. What yearly payment in advance would satisfy the lease if interest is 6.84% compounded monthly? Question 11 options:
A) $7807.09
B) $7805.68
C) $8356.65
D) $8340.30
E) $7818.35
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