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A construction company agreed to lease payments of $ 5 4 6 . 0 2 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 three months for years. Financing is at compounded quarterly. 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 Question content area bottom Part a The value of the original lease contract is $enter your response here. Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed. Part b The company would have to pay $enter your response here. Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed. Part c The company would need $enter your response here. Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed. Part d The interest would be $enter your response here. Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed. Part e The interest resulting from the deferral is $enter your response here. 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 three months for years. Financing is at compounded quarterly.
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
Question content area bottom
Part
a The value of the original lease contract is $enter your response here.
Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.
Part
b The company would have to pay $enter your response here.
Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.
Part
c The company would need $enter your response here.
Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.
Part
d The interest would be $enter your response here.
Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.
Part
e The interest resulting from the deferral is $enter your response here.
Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.
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