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A contract requires lease payments of $900 at the beginning of every month for 9 years. a. What is the present value of the

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A contract requires lease payments of $900 at the beginning of every month for 9 years. a. What is the present value of the contract if the lease rate is 5.50% compounded annually? Round to the nearest cat b. What is the present value of the contract if the lease rate is 5.50% compounded

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