Question
A contract requires lease payments of $700 at the beginning of every month for 5 years. a. What is the present value of the contract
A contract requires lease payments of $700 at the beginning of every month for 5 years.
a. What is the present value of the contract if the lease rate is 5.31% compounded annually?
b. What is the present value of the contract if the lease rate is 5.31% compounded daily?
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Inside Company Valuation
Authors: Angelo Corelli
1st Edition
3319537822, 9783319537825
