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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 $546.02 on construction equipment to be made at the end of every three months for 6 years. Financing is at 7% compounded quarterly.
(a) What is the value of the original lease contract?
(b) If, due to delays, the first 9 payments were deferred, how much money would be needed after 10 payments to bring the lease payments up to date?
(c) How much money would be required to pay off the lease after 10payments?
(d) If the lease were paid off after 10payments, what would the total interest be?
(e) How much of the total interest would be due to deferring the first 9payments?
Question content area bottom
Part 1
(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 2
(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 3
(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 4
(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 5
(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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