Question
A contract requires lease payments of $700 at the beginning of every month for 6 years. a. What is the present value of the contract
A contract requires lease payments of $700 at the beginning of every month for 6 years.
a. What is the present value of the contract if the lease rate is 4.25% compounded annually?
Round to the nearest cent
b. What is the present value of the contract if the lease rate is 4.25% compounded monthly?
Round to the nearest cent
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Stock Marketing Investing Cardinal Rules Of Passive Income
Authors: Brian Stclair
1st Edition
1539387305, 978-1539387305
