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A lease valued at $38,000 requires payments of $5000 every three months. If the first payment is due three years after the lease was signed
A lease valued at $38,000 requires payments of $5000 every three months. If the first payment is due three years after the lease was signed and interest is 12% compounded quarterly, what is the term of the lease? The term of the lease is quarters. (Round up to the nearest quarter.)
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