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A construction company agreed to lease payments of $ 5 3 8 . 1 9 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
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