construction company agreed to lease payments of $633.96 on construction equipment to be made at the end of every month for 4.5 years. Financing is at 5% compounded monthly.

1. What is the value of the original lease contract?
2. If, due to delays, the first 8 payments were deferred, how much money would be needed after 9 payments to bring the lease payments up to date?
3. How much money would be required to pay off the lease after 9 payments?
4. If the lease were paid off after 9 payments, what would the total interest be?
5. How much of the total interest would be due to deferring the first 8 payments?

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(a) The value of the original lease contract is $

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

(b) The company would have to pay S

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

(c) The company would need S

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

(d) The interest would be S

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

(e) The interest resulting from the deferral is $

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)