Question
A construction company agreed to lease payments of $458.03 on construction equipment to be made at the end of every three months for 3.25 years.
A construction company agreed to lease payments of $458.03 on construction equipment to be made at the end of every three months for 3.25 years. Financing is at 7 % compounded quarterly.
(a) What is the value of the original leasecontract?
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Fundamentals of Investment Management
Authors: Geoffrey Hirt, Stanley Block
10th edition
0078034620, 978-0078034626
