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A contract requires lease payments of $ 7 0 0 at the beginning of ebery month for 4 years What is the present value of

A contract requires lease payments of $

700

at the beginning of ebery month for

4

years

What is the present value of the contract if the lease rate is

4.50 %

compounded annually

What is the present value of the contract if the lease rate is

4.50 %

compounded monthly

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