5

6

Robert leased equipment worth $45,000 for 8 years. If the lease rate is 5.75% compounded quarterly, calculate the size of the lease payment that is required to be made at the beginning of each quarter. Round to the nearest cent Diana made periodic deposits into a savings account at the end of every month for 5 years. The investments were earning 7.50% compounded quarterly and grew to $13,000.00 at the end of 5 years. a. Calculate the size of the month-end deposits. $183.10 $179.46 $119.00 $175.94 b. How long will it take for the $13,000.00 to accumulate to $43,650.00 if the interest rate remained the same and he continued making the same month-end deposits throughout the term? o 8 years and 5 months 12 years and 5 months 0 7 years and 5 months O 7 years and 8 months