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Can you please explain how to solve b part of this question with the help of BA II Plus Calculator. Thanks. A lease of $8,300
Can you please explain how to solve b part of this question with the help of BA II Plus Calculator.
Thanks.
A lease of $8,300 had to be repaid with payments of $300 at the beginning of every quarter. The interest rate charged was 6.00% compounded quarterly. a. How many payments are required to repay the debt? It will take payments. Rounded up to the next payment Question 4 of 6 a. How many payments are requirea to repay the dedt? It will take payments. Rounded up to the next payment b. What is the size of the final payment? (x) Round to the nearest centStep by Step Solution
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