Question
A lease valued at $21,000 requires payments of $2,050 at the beginning of every sixmonths. If money is worth 9% compounded semi-annually, what is the
A lease valued at $21,000 requires payments of $2,050 at the beginning of every sixmonths. If money is worth 9% compounded semi-annually, what is the size of the final leasepayment?
The size of the final payment is $______
.
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places asneeded.)
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The Legal Environment Today Summarized Case Edition
Authors: Roger LeRoy Miller
8th Edition
130526276X, 978-1305279407, 1305279409, 978-1305704930, 1305704932, 978-1305262768
