Question
A credit union entered a lease contract valued at $6200.The contract provides for payments at the end of each quarter for 3 years. If interest
A credit union entered a lease contract valued at $6200.The contract provides for payments at the end of each quarter for 3 years. If interest is 6.5% compounded quarterly, what is the size of the quarterly payment?
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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International Financial Management
Authors: Jeff Madura, Roland Fox
4th Edition
147372550X, 9781473725508
