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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 $538.19 on construction equipment to be made at the end of every three months for 5 years. Financing is at 7% compounded quarterly.
(a) What is the value of the original lease contract?
(b) If, due to delays, the first 10 payments were deferred, how much money would be needed after 11 payments to bring the lease payments up to date?
(c) How much money would be required to pay off the lease after 11payments?
(d) If the lease were paid off after 11payments, what would the total interest be?
(e) How much of the total interest would be due to deferring the first 10payments?

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