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A construction company agreed to lease payments of $ 4 7 4 . 6 3 on construction equipment to be made at the end of
A construction company agreed to lease payments of $ on construction equipment to be made at the end of every month for years. Financing is at compounded monthly. a What is the value of the original lease contract? b If due to delays, the first payments were deferred, how much money would be needed after payments to bring the lease payments up to date? c How much money would be required to pay off the lease after payments? d If the lease were paid off after payments, what would the total interest be e How much of the total interest would be due to deferring the first payments? a The value of the original lease contract is $ Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed. b The company would have to pay $ Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed. c The company would need $ Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed. d The interest would be $ Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed. e The interest resulting from the deferral is $ Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.
A construction company agreed to lease payments of $ on construction equipment to be made at the end of every month for years. Financing is at compounded monthly.
a What is the value of the original lease contract?
b If due to delays, the first payments were deferred, how much money would be needed after payments to bring the lease payments up to date?
c How much money would be required to pay off the lease after payments?
d If the lease were paid off after payments, what would the total interest be
e How much of the total interest would be due to deferring the first payments?
a The value of the original lease contract is $
Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.
b The company would have to pay $
Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.
c The company would need $
Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.
d The interest would be $
Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.
e The interest resulting from the deferral is $
Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.
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