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A construction company agreed to lease payments of $443.81 on construction equipment to be made at the end of every month for 5.5 years. Financing

A construction company agreed to lease payments of $443.81 on construction equipment to be made at the end of every month for 5.5 years. Financing is at 10% compounded monthly. (a) What is the value of the original lease contract? (b) If, due to delays, the first 8 payments were deferred, how much money would be needed after 9 payments to bring the lease payments up to date? (c) How much money would be required to pay off the lease after 9 payments? (d) If the lease were paid off after 9 payments, what would the total interest be? (e) How much of the total interest would be due to deferring the first 8 payments? Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.

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