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A contract requires lease payments of $ 9 0 0 at the beginning of every month for 5 years. a . What is the present

A contract requires lease payments of $ $900$ at the beginning of every month for $5$ years. a $.$ What is the present value of the contract if the lease rate is $5.50 %$ compounded annually? b $.$ What is the present value of the contract if the lease rate is $5.50 %$ compounded monthly?

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A contract requires lease payments of $ 9 0 0 at the beginning of every month for 5 years. a . What is the present

A contract requires lease payments of $900 at the beginning of every month for 5 years. a. What is the present value of the contract if the lease rate is 5.50% compounded annually? b. What is the present value of the contract if the lease rate is 5.50% compounded monthly?

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A contract requires lease payments of $ $900$ at the beginning of every month for $5$ years. a $.$ What is the present value of the contract if the lease rate is $5.50 %$ compounded annually? b $.$ What is the present value of the contract if the lease rate is $5.50 %$ compounded monthly?