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A construction company agreed to lease payments of $ 5 6 1 . 0 5 on construction equipment to be made at the end of

A construction company agreed to lease payments of $561.05 on construction equipment to be made at the end of every for 3.25 years. Financing is at 4% 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?
(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.)
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